Amazon Shares Drop 8% Following Q4 Report
<p><a href='https://financialmodelingprep.com/financial-summary/AMZN'>Amazon (NASDAQ:AMZN)</a> shares plunged more than 8% on Friday after the company reported its Q4 results, with EPS of $0.03 coming in worse than the Street estimate of $0.17. Revenue was $149.2 billion, compared to the Street estimate of $145.64 billion.</p>
<p>The company provided muted guidance for Q1/23, expecting revenue to be in the range of $121-126 billion, compared to the Street estimate of $125.1 billion.</p>
<p>Analysts at RBC Capital think there is a heavy focus on improving retail margins through this year where it believes strong execution is maximizing demand capture. Less positively, AWS missed revenues and margins and guided Q1 down with acceleration not starting until Q3 and no assurances on margin stabilization. </p>
<p>The analysts believe the company likely needs margins to surprise on both cloud and retail amidst reacceleration in the back half before the stock is likely to work again.</p>

NASDAQ:AMZN