Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.

Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.

Amazon almost doubled its profits in 2024 compared to the year before, but it missed some analysts expectations in its cloud division and issued a warning for slow sales growth in 2025. The Seattle-based tech giant reported $59.

By Greg Bensinger, Deborah Mary Sophia (Reuters) -Amazon.com investors drove shares down sharply on Thursday due to weakness in the retailer's cloud computing unit and lower-than-expected forecasts for first-quarter revenue and profit.