E-commerce giant Amazon.com Inc. (NASDAQ: AMZN) on Thursday reported higher sales and profit for the fourth quarter of 2024. Earnings also beat analysts’ estimates.
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Net sales increased to $187.8 billion in the December quarter from $169.96 billion in the prior-year period, exceeding Wall Street’s forecast. For the first quarter of 2025, the company expects sales to be in the range of $151.0 billion to $155.5 billion.
Reflecting the strong revenue growth, Q4 net income rose to $20.0 billion or $1.86 per share from $10.6 billion or $1.00 per share a year earlier. Earnings exceeded analysts’ estimates.
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