Investing.com - Amazon.com (NASDAQ:AMZN) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Amazon.com announced earnings per share of $27.75 on revenue of $137.41B. Analysts polled by Investing.com anticipated EPS of $3.71 on revenue of $137.75B.
Amazon.com shares are down 16% from the beginning of the year, still down 26.40% from its 52 week high of $3,773.00 set on July 13, 2021. They are under-performing the S&P 500 which is down 6% from the start of the year.
Amazon.com shares gained 14.34% in after-hours trade following the report.
Amazon.com follows other major Consumer Discretionary sector earnings this month
Amazon.com's report follows an earnings beat by Tesla on January 26, who reported EPS of $2.54 on revenue of $17.72B, compared to forecasts EPS of $2.36 on revenue of $17.13B.
Louis Vuitton ADR had matched expectations on January 27 with fourth quarter EPS of $2.54 on revenue of $22.37B, compared to forecast for EPS of $2.54 on revenue of $20.27B.
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