Delayed Quote Eur Amzde 16478 070 042 At Close

AMZN Stock Down After Earnings Miss

Delayed Quote EUR AMZDE 16478 -070 -042 At close

AMZN stock fell sharply in after-hours trading on Thursday after the company reported fourth-quarter earnings that missed analysts' expectations. The stock was down more than 5% in extended trading, erasing much of its gains from earlier in the day.

The company reported earnings per share of $4.24, well below the consensus estimate of $4.63. Revenue also came in below expectations, at $149.2 billion versus the $152.2 billion that analysts had been expecting.

The earnings miss was driven by a number of factors, including rising costs, supply chain disruptions, and the impact of the Omicron variant. The company also warned that these headwinds are likely to continue in the coming quarters.

The earnings miss is a setback for AMZN, which has been one of the best-performing stocks in the market over the past decade. The stock is now down more than 10% from its all-time high, reached in November 2021.