Amazon reported earnings greater than expected by analysts for the fourth quarter, reaching $46 billion. This growth was driven by the company's revenues increasing at a faster pace than operating costs, which rose by 7.2 percent to $141.5 billion.
Amazon's shares experienced an increase of approximately 4 percent in after-hours trading, reaching $186.19 in New York. The company informed investors that they expected revenues for the current quarter to be between $45 billion and $48 billion.
Amazon's core e-commerce business posted positive results in the third quarter, generating operating income of $10.4 billion, surpassing analysts' projections. Although Amazon heavily relies on Amazon Web Services (AWS) for its profits, its e-commerce business showed strong performance.
On the other hand, Meta warned investors that the losses from its Reality Labs division will continue to expand significantly this year as they finalize the budget for 2025. In contrast, revenues from Amazon Web Services increased by 19 percent, reaching $27.5 billion, in line with analysts' estimates.
Microsoft, for its part, forecasted slower growth of quarterly cloud revenues, resulting in a 6 percent drop in its stock value. Sales from the Azure cloud computing business are expected to rise between 31 and 32 percent in the current period, according to information disclosed by the company.
