Investing.com – Amazon.com (NASDAQ) collapsed on Thursday on Thursday after investors grasped the strong quarter-end results, calendered by the uncertain guidance in the first quarter and the decline in subscription service growth, which included the popular premier service.
Shares fell to 0.7% of postmarkets.
Amazon reported a $ 6.04 share for revenue of $ 72.38 billion for the fourth quarter. Analysts surveyed by Investing.com are expecting an EPC of $ 5.64 for revenue of $ 71.87 billion.
But Amazon says it sees sales in the first three months of $ 56 billion and $ 60 billion, slightly below the $ 61.04 billion forecast.
In addition, the revenue for fourth-quarter subscription services, which includes premiere and premium video offers, rose 26 percent year-on-year over the year, with the exception of the impact of foreign currency, well below the latest trends.
Revenue subscription revenues increased by more than 50% from the period a year ago in the first three quarters of 2018.
The e-commerce giant predicted an operating income of $ 2.3 billion to $ 3.3 billion in the first quarter, in line, but on the low side of estimates for $ 3 billion.
Solid incomes, but cautious income guidelines become a little habit for the company. This is the third quarter in a row, his guide to earnings is under consensus.
For the fourth quarter, net sales in North America, its largest market, jumped 18.3% to $ 44.12 billion.
Amazon's Web Services revenue grew by 45.3% to $ 7.43 billion to beat the $ 7.26 billion estimate. Microsoft's Competitor (NASDAQ) announced on Wednesday that its cloud-based business business Azure increased by 76% in the last quarter.
– Reuters contributed to this report.
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