Amazon on Thursday reported better-than-expected income and earnings for the vacation buying interval, however its shares dipped in after-hours buying and selling as a result of disappointing steerage for the present quarter.
The Seattle-based e-commerce and expertise firm mentioned its income for the October-December interval totaled $187.8 billion, a ten% leap in comparison with the identical interval in 2023. Earnings got here out to $20 billion whereas earnings per share reached $1.86, greater than the $1.49 that analysts surveyed by FactSet had anticipated.
However the firm mentioned it anticipated income for the present quarter to be between $151 billion and 155.5 billion, decrease than the $158.56 billion that analysts had been anticipating. The steerage anticipates “an unusually massive, unfavorable influence” from international change charges, the corporate mentioned.
Amazon’s report additionally comes because the retail trade is absorbing a brand new 10% tariff President Donald Trump imposed on Chinese language imports on Tuesday. Tariffs on Canada and Mexico have been placed on maintain for a few month.
Amazon, the largest on-line buying vacation spot within the U.S., has lengthy been a beneficiary of shopper spending in the course of the holidays. Because it has finished in recent times, the corporate in October started providing promotions meant to lure early vacation consumers. It marketed different reductions in the course of the three-month interval, together with on main gross sales days comparable to Black Friday and Cyber Monday.
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