Amazon reports better-than-expected Q4 results, but soft revenue guidance weighs

Investing.com - Amazon.com reported softer revenue guidance for the current quarter on Thursday, offsetting fourth-quarter results that beat analysts' forecasts as the tech giant's cloud growth met expectations and growth in North America improved.

Amazon.com Inc (NASDAQ: AMZN) fell more than 3% in afterhours trading following the report.

Fro the three months ended Dec. 31, Amazon.com announced earnings per share of $1.86 on revenue of $187.8 billion. Analysts polled by Investing.com anticipated EPS of $1.47 on revenue of $187.33B.

Amazon Web Services, its fast-growing cloud revenue segment, grew to 19% to $28.8 billion in-line with analyst expectations.

For Q1, sales are expected to be $151B to $155.5B, missing estimates of $158.33B.

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