Amazon is sliding after its revenue miss

Advertisement

Amazon is down 2.3% at $813.09 a share after reporting fourth-quarter earnings following Thursday's closing bell.

Advertisement

The online retail giant beat on profit but missed on revenue. Expectations were high as Amazon was expected to report much stronger earnings and sales following a record holiday season for online sales.

Here are the most important numbers:

Complimentary Tech Event
Transform talent with learning that works
Capability development is critical for businesses who want to push the envelope of innovation.Discover how business leaders are strategizing around building talent capabilities and empowering employee transformation.Know More
  • EPS (GAAP): $1.54 per share vs. $1.35 per share average analyst estimate
  • Revenue: $43.7 billion vs. $44.68 billion average analyst estimate (up 22% year-over-year)
  • AWS Revenue: $3.5 billion (up 47% year-over-year from $2.4 billion)

Amazon also gave first quarter revenue guidance in the range of $33.25 billion and $35.75 billion, lower than the expected range of $34.52 billion to $36.95 billion.

Advertisement

Screen Shot 2017 02 03 at 9.38.48 AM

Markets Insider

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

NOW WATCH: Here's how to use one of the many apps to buy and trade bitcoin