Amazon's vacation results even peaked Wall Street's heady expectations, but the Seattle company warned it might not do the same in the first quarter.
The company beat analysts' revenues and revenues. Wall Street estimates that tech giant sales rose nearly 20% and earnings per share (EPS) jumped nearly 50% in the fourth quarter.
But the e-commerce giant said sales in the first quarter will be shy of analysts' forecasts.
Investors seemed to take the report in conflict. In the later after-sales deal, the company's shares were $ 3.97 or less than 1% to $ 1,715.00.
Here's what Amazon reported and how it compared to Wall Street expectations and the company's past performance: [1[ads1]9659006] Quarterly revenue (Q4): $ 72.4 billion. Analysts had expected $ 71.92 billion. In the same period in 2017, Amazon sold $ 60.45 billion in sales.
Amazon's advertising and advertising business performed its results
Amazon's performance was further strengthened by its cloud computing business. Sales on Amazon Web Services jumped 45% year-on-year to $ 7.4 billion. The unit posted $ 2.2 billion in operating revenues, which was more than two-thirds of the company's total profits and was up nearly 61% from the fourth quarter of 2017.
The company also continued to see strong growth from its advertising business. Amazon's "other" revenues, which mainly consist of advertising sales, hit $ 3.4 billion in the quarter, up 95% from the same period last year. However, growth in the business slowed down from the brutal pace the company was in in the previous three quarters, as sales increased by at least 123% the year before in each period.
The news from the company's retail business was more mixed. The company's direct sales online increased by 13% in the quarter from the previous year, and sales through its physical stores – mainly from the entire Whole Foods chain – fell 3% from the same period the year before.
Meanwhile, the North American business – consisting mainly of retail but also its advertising unit and the business of selling goods on behalf of third-party vendors – has grown 18% to $ 44.1 billion. International retail sales grew only 15%.
However, the operating profit in the Amazon North American business increased by 33% to $ 2.3 billion. And the operating loss of its international business, long a money loser, shrank by 30% to $ 642 million.
Amazon shares closed ordinary trading Thursday up to $ 48.30, or 2.9% to $ 1,718.73.