Proactive Investors - Amazon.com Inc (NASDAQ:AMZN, ETR:AMZ) reported robust fourth-quarter earnings on Thursday, outperforming analysts' expectations and driving a surge in its stock during after-hours trading.
The eCommerce giant reported earnings per share (EPS) of $1, surpassing the estimated $0.78.
The company's quarterly revenue reached $170 billion, outpacing the estimated $166.3 billion.
The advertising segment contributed $14.7 billion, surpassing the estimated $14.2 billion.
However, Amazon Web Services net sales for Q4 2023 stood at $24.2 billion, slightly below the estimated $24.22 billion.
But the firm provided an optimistic outlook for 1Q, projecting net sales between $138 billion to $143.5 billion, against the estimated $142.01 billion.
Shares of Amazon were up around 5.7% in aftermarket trading on Thursday following the earnings beat.