Amazon ends year on strong note but forecasts weak upcoming quarter

Amazon outdid Wall Street’s expectations with its earnings from the fourth quarter of 2024 on Thursday but forecast a weak upcoming quarter.The retail giant ended the year on a strong note, reporting $187.79bn in revenue and $1.86 per share, beating analysts’ estimates of revenue of $187.3bn and share price at $1.49.The robust earnings take into account the strong holiday shopping season, which showed a 8.7% year-over-year surge of online spending in November and December, according to Adobe Analytics. In a ...