Amazon.com, Inc. (NASDAQ: AMZN) reported fourth quarter 2022 earnings results today.
Net sales increased 9% year-over-year to $149.2 billion.
Net income dropped to $0.3 billion, or $0.03 per share, from $14.3 billion, or $1.39 per share, in the year-ago quarter.
Sales beat expectations but earnings missed, sending the stock down 5% in after-market hours.
For the first quarter of 2023, net sales are expected to be $121-126 billion, representing a growth of 4-8% YoY.
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The company reported fourth quarter 2022 earnings results today, which had a net income of $0.3 billion, or $0.03 per share, compared to $14.3 billion, or $1.39 per share in the year-ago quarter. Sales increased 9% year-over-year to $149.2 billion, but earnings fell short of expectations, sending the stock down 5% in after-market hours.
Wayne