Mind Blowing Numbers
It looks like Amazon is on top of its game yet again! The e commerce giant just reported its fourth quarter earnings and revenue and boy did they blow past those pesky analysts' estimates. Stock prices are soaring and Wall Street is shaking in its boots. Here are the jaw dropping numbers: Earnings came in at a whopping $1.00 per share completely obliterating the expected 80 cents per share. And as for revenue brace yourselves folks—it reached a staggering $170.0 billion leaving the expected $166.2 billion in the dust.
They Don't Call It Amazon Web Services for Nothing
But wait there's more! We can't forget about Amazon Web Services (AWS) the company's cash cow. The numbers are in and AWS brought in a cool $24.2 billion—exactly what was expected. It seems like businesses just can't get enough of those cloud services. Can you blame them? It's like having the neuralyzer from Men in Black wiping away all your IT problems with a single click.
Advertising Dollars Galore
Now let's talk advertising. Amazon raked in a dazzling $14.7 billion surpassing the estimated $14.2 billion. Looks like those targeted ads are hitting their mark. Just a friendly reminder—if you ever search for a toaster on Amazon don't be surprised if you start seeing ads for toasters everywhere you go. They're always watching...
A Bright Future Ahead
"This Q4 was a record breaking Holiday shopping season and closed out a robust 2023 for Amazon," the new CEO Andy Jassy proudly declared. I guess he's making a good first impression following in the footsteps of the legendary Jeff Bezos. As we enter 2024 it seems like Amazon is unstoppable. They're firing on all cylinders and the excitement is palpable. I mean who wouldn't be excited when you have drones delivering packages and AI chatbots running the show? It's like living in a sci fi movie!
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