Amazon disappoints investors with weak outlook despite upbeat earnings
Forrás:
Euronews.com
2 hónapja
Amazon's fourth-quarter earnings exceeded analysts' expectations, but the company provided weaker guidance due to foreign exchange impacts and rising AI spending. Shares fell over 4% post-report, despite a 9% rise this year. The guidance suggests potential slowdowns in the AI industry, echoing trends seen in other tech giants. Amazon's revenue was $187.8 billion, up 10% year-on-year, with significant profit growth attributed to cost-cutting measures. AWS continues to be a key growth area, although competitors are growing faster. Teljes cikk (Euronews.com)