Amazon posted its fourth quarter earnings that handily topped analysts’ expectations.
The e-commerce behemoth’s earnings came in at $5.80 a share, compared to $3.57 expected by analysts polled by a Refinitiv survey.
Revenue for the quarter was $137.4 billion vs $137.6 billion expected, according to a Refinitiv.
The company projects first quarter revenue in the range of $112 billion and $117 billion, below the average estimate of $120 billion, according to Refinitiv. Operating profit in the fourth quarter is expected to be in the range of $3 billion to $6 billion.