Amazon Fourth Quarter Results Beat Expectations

Strong revenue growth and earnings per share beat Wall Street estimates

Q4 Revenue up 14% to $170 billion

Amazon announced its financial results for the fourth quarter ended December 31, 2023, today. The company reported revenue of $170 billion, an increase of 14% year-over-year. Amazon Web Services (AWS), the company's cloud computing division, continued to be a significant growth driver, with revenue increasing 20% to $21.4 billion for the quarter.

Earnings per share (EPS) came in at 78 cents, beating Wall Street expectations of 72 cents. This marks a significant improvement from the EPS of 56 cents reported in the same quarter last year.

"We are pleased with our strong fourth quarter results, which reflect the hard work and dedication of our teams," said Andy Jassy, Amazon CEO. "We continue to see strong demand for our products and services, and we are excited about the opportunities ahead."