Amazon, the world’s leading web store, posted higher-than-expected sales in the last quarter of 2022, despite concerns about inflation and a possible recession.
In the last three months of last year, revenue grew 9 percent from the corresponding period of 2021 to $149.2 billion ($136 billion). euros), announced the group on Thursday at the close of trading.
Economists had expected significantly weaker growth. However, operating income fell from $3.5 billion to $2.7 billion due to rising costs. Net profit was just $278 million, mostly driven by an adjustment to the value of the stake in struggling electric car maker Rivian.
Investors were disappointed with the results. At the close of trading, the stock price fell more than 6 percent. Expectations in terms of turnover (from 121 to 126 billion dollars) and operating income (from 0 to 4 billion dollars) are therefore disappointing. In addition, the AWS ‘cloud’ department progressed less markedly than expected.
In the last three months of last year, revenue grew 9 percent from the corresponding period of 2021 to $149.2 billion ($136 billion). ‘euros), announced the group Thursday at the close of the Stock Exchange. Economists had expected a significantly weaker growth. However, operating income fell from $3.5 billion to $2.7 billion due to rising costs. Net profit was just $278 million, mostly driven by an adjustment to the value of the stake in struggling electric car maker Rivian. Investors were disappointed with the results. At the close of trading, the stock price fell more than 6 percent. Expectations in terms of turnover (from 121 to 126 billion dollars) and operating income (from 0 to 4 billion dollars) are therefore disappointing. In addition, the AWS ‘cloud’ department progressed less markedly than expected.