Amazon Reports Quarterly Results with Mixed Performance
Amazon (NASDAQ: AMZN) posted its fourth-quarter results on [insert date], reporting sales of $213.4 billion, surpassing analyst estimates of $211.3 billion. However, its non-GAAP earnings of $1.95 per share fell short of expectations, which were pegged at $1.97 per share. The disappointing earnings combined with higher operational costs have led to a significant sell-off in the company’s stock.
For the upcoming year, Amazon anticipates spending approximately $200 billion on capital expenditures to expand its artificial intelligence infrastructure. Amazon Web Services (AWS) exhibited a sales growth of around 24%, maintaining its leadership in the cloud market, which could benefit from future AI developments. Despite recent challenges, Amazon’s stock has only increased by 32% over the last five years, compared to a 77% rise in the S&P 500 index.
