Amazon Announces Earnings for Q4 2023

Key Highlights

• Common Stock is expected to report earnings on 04302024 after market close.
• Andy Jassy, CEO, will open the call with analysts.
• For the full year of 2023, Amazon's net sales increased by 12% to $574.8 billion, with significant growth in North America.

Amazon.com, Inc. (AMZN) has released its financial results for the fourth quarter of 2023. The company reported strong growth in net sales, driven primarily by its North America business. In a statement, CEO Andy Jassy attributed the success to the company's continued focus on customer satisfaction and operational efficiency.

Analysts are expecting Amazon to report earnings per share of $0.85 for Q4 2023, up from $0.77 in the previous quarter. The company is also expected to provide an update on its AWS cloud computing business, which has been a major growth driver in recent years.

The earnings call is scheduled to begin at 4:30 PM ET today, April 30, 2024. Investors can access the webcast on Amazon's investor relations website.