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Amazon to report fourth-quarter earnings after the bell

“First-quarter revenue guidance fell short of expectations, coming in between $56 billion and $60 billion, slightly below the $60.8 billion consensus estimated by FactSet” writes unknown author for cnbc.com. The better-than-expected revenue, backed by strong holiday sales, comes amid concerns of slowing growth at Amazon, as the company failed to beat revenue expectations in the past two quarters.Amazon’s fourth-quarter report was a beat across the board, but weak guidance and general concerns about slowing growth and heavier investments dragged the stock down in after hours trading.Its “Other” segment, mostly comprised of its advertising business, jumped 95 percent to $3.4 billion in revenue.That likely contributed to the slowing North American sales, which saw its growth rate drop to 18 percent from the year-ago period’s 42 percent.
 
Source: cnbc.com



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