Amazon beats holiday-quarter sales estimates, shares up 10% [Reuters (UK)]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Reuters
Amazon beats holiday-quarter sales estimates, shares up 10% - Reuters 2 Min Read (Reuters) - Amazon.com Inc ( AMZN.O ) on Thursday beat analysts’ estimates for fourth-quarter revenue, as its efforts to speed up delivery helped attract more shoppers during the holiday season, sending its shares up 10%. Retailers usually generate a majority of their annual sales and profit during the holiday period. The company forecast net sales in the range of $69 billion (52.5 billion pounds) and $73 billion for the first quarter. Analysts were expecting revenue of $71.65 billion, according to IBES data from Refinitiv. Net sales in North America, its biggest market, jumped 21.6% to $53.67 billion during the fourth quarter. Analysts had expected revenue of $52.23 billion from the segment. Revenue from its lucrative cloud computing unit Amazon Web Services (AWS), which sells data storage and computing power in the cloud, surged 34% to $9.95 billion. Analysts had expected $9.84 billion. Amazon’s total
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