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Amazon Reports Strong Earnings Growth in Fiscal Q4 2023
EPS Surges 32333%, Revenue Beats Estimates
Amazon.com, Inc. (AMZN) reported impressive financial results for the quarter and twelve months ending December 31, 2023. The company reported a diluted earnings per share (EPS) of $100 for the quarter, a remarkable 32333% increase year-over-year. For the full year, Amazon's EPS reached $290, highlighting a substantial growth trajectory.
In addition to the strong EPS growth, Amazon's revenue also surpassed analyst expectations. The company reported revenue of $143.3 billion for the quarter, an increase of 12.5% year-over-year and $750 million above the consensus estimate. This revenue growth was driven by strong performance across Amazon's various business segments, including e-commerce, cloud computing, and advertising.
Amazon is scheduled to report its next quarterly earnings on April 30, 2024, after market close. Market analysts expect the company to report an EPS of $0.98 for the fiscal quarter ending March 2024, which may differ from the consensus estimate of $0.83. Investors will be closely watching Amazon's performance in the coming quarters to gauge its continued growth trajectory and the impact of the ongoing macroeconomic environment.
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