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Amazon (AMZN) reported fourth-quarter earnings, with sales of $170 billion, compared to expectations of $166.2 billion, beating Wall Street expectations. The company released its first quarter 2024 forecast, claiming revenue would be between $138 billion and $143.5 billion, within Wall Street’s $141 billion estimate. After the release of the report, the company’s stock price began an upward trend.
Wedbush Securities Managing Director Scott Devitt and Seaport Global Analyst Aaron Kessler have joined Yahoo Finance and will discuss Amazon’s earnings results and the online retailer’s various divisions and business assets. Discuss your accomplishments.
Kessler points to Amazon’s AWS (Amazon Web Services) as a source of success, given its high-margin operations and growth, along with the retail sector, adding, “In the retail sector, improved localization and We’re talking about shipping costs being reduced by. They’ve put more emphasis on the retail cost structure.”
David explains how the various parts of the company work synergistically to contribute to success. “Let’s break Amazon down into his five parts. The retail business has first-party, third-party, and logistics business. There’s advertising business that drives its success.” Marketplace Ownership His AWS is built from Amazon’s infrastructure. Sure, you could get away with AWS being a separate entity. But when you think about the AI side of business now that cloud businesses are integrated into it, operationally, I’m not sure that’s the case either. Broadly speaking, these are all very well integrated aspects of business. ”
For more expert insights and the latest market trends, click here to watch the full episode of Yahoo Finance Live.
Editor’s note: This article was written by Nicholas Jacobino
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