Future Tech

Amazon reports quarterly revenue above estimates

Tan KW
Publish date: Fri, 02 Feb 2024, 08:18 AM
Tan KW
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Future Tech

  Amazon.com beat fourth-quarter revenue expectations on Thursday on robust growth in online spending by consumers during the holiday season despite high borrowing costs.

Revenue in the fourth quarter rose 14% to $170 billion. Analysts on average expected revenue of $166.21 billion, according to LSEG data.

 


  - Reuters

 

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