Amazon (AMZN, Financial) experienced a decline of over 4% in its stock price, settling at $228.5. The company's fourth-quarter net revenue reached $187.79 billion, marking a 10% increase year-over-year, surpassing analysts' expectations of $187.32 billion. Additionally, adjusted earnings per share came in at $1.86, exceeding the anticipated $1.50.
Capital expenditures during the quarter soared to $27.8 billion, setting a new quarterly record and surpassing the analysts' forecast of $22.3 billion. However, Amazon's guidance for the first quarter fell short of expectations, partly due to unfavorable currency exchange rate impacts. The company projects net revenue between $151 billion and $155.5 billion, and operating profit ranging from $14 billion to $18 billion, both below analysts' estimates of $158.64 billion and $18.24 billion, respectively.
