E-commerce big Amazon.com Inc. (NASDAQ: AMZN) on Thursday reported larger gross sales and revenue for the fourth quarter of 2024. Earnings additionally beat analysts’ estimates.
Web gross sales elevated to $187.8 billion within the December quarter from $169.96 billion within the prior-year interval, exceeding Wall Avenue’s forecast. For the primary quarter of 2025, the corporate expects gross sales to be within the vary of $151.0 billion to $155.5 billion.
Reflecting the robust income progress, This fall internet revenue rose to $20.0 billion or $1.86 per share from $10.6 billion or $1.00 per share a yr earlier. Earnings exceeded analysts’ estimates.