Amazon reports better-than-expected results, as revenue jumps 14%
Amazon CEO Andy Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.
David Paul Morris | Bloomberg | Getty Images
Amazon reported fourth-quarter earnings and revenue on Thursday that sailed past analysts’ estimates. The stock climbed more than 3% in extended trading.
Here are the results:
- Earnings: $1.00 per share vs. 80 cents per share expected by LSEG, formerly known as Refinitiv.
- Revenue: $170.0 billion vs. $166.2 billion expected by LSEG.
Wall Street is also watching several other numbers in the report:
- Amazon Web Services: $24.2 billion, according to StreetAccount
- Advertising: $14.2 billion, according to StreetAccount
This story is developing. Check back for updates.
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