Is Amazons Q4 profit performance expected to exceed expectations again?
  fazzaco 2024-01-29 17:04:05
Description:Amazon (AMZN. US) will release its financial results for the fourth quarter and full year of 2023 after market hours on Thursday, February 1st. Wall Street analysts predict that Amazon\\\'s Q4 revenue will increase by 11.2% year-on-year to $165.97 billion

Amazon (AMZN. US) will release its financial results for the fourth quarter and full year of 2023 after market hours on Thursday, February 1st. Wall Street analysts predict that Amazon's Q4 revenue will increase by 11.2% year-on-year to $165.97 billion; Earnings per share will increase significantly from $0.03 in the same period last year to $0.79; Free cash flow will more than double from $13.73 billion in the same period last year to $29.96 billion.


In addition, analysts predict that Amazon's revenue for the full year of 2023 will increase by 11.1% to $570.79 billion; Earnings per share will rise to $2.69, while a loss of $0.27 per share will occur in 2022.


The expected performance of Amazon's cloud computing business (AWS), which is highly anticipated by investors, as AWS is Amazon's largest source of profit, the sales growth rate of this business may become the focus of attention. In addition, Amazon's artificial intelligence (AI) business includes Amazon's Bedlock service, which provides models created by leading AI companies and integrates with AWS services.


Amazon's Q3 2023 financial report, released at the end of October last year, showed that CEO Andy Jassy's significant cost cutting and profit focused measures have been effective and have won the support of Wall Street. Under the leadership of Andy Jassy, Amazon is increasingly reliant on services that often earn more than initial online sales, including advertising, providing logistics


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