Amazon stock drops on gloomy outlook despite strong earnings ...Middle East

Quartz - Economy
Amazon stock drops on gloomy outlook despite strong earnings
source : Quartz ( Middle East ) () 77

Amazon beat Wall Street’s expectations for the fourth quarter, driven by strong cloud growth, AI investments, and a robust holiday shopping season. However, the company issued a gloomy outlook for the first quarter, prompting its stock to drop by about 2% in after-hours trading.

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