Tuesday, March 04, 2025 | 08:08 AM ISTहिंदी में पढें
Business Standard
Notification Icon
userprofile IconSearch

Amazon first-quarter sales forecast misses estimates

Image

Reuters

(Reuters) - Amazon.com Inc on Thursday forecast first-quarter sales below Wall Street estimates, as it faces new regulatory hurdles in India and a slowdown in e-commerce sales in Europe.

The company forecast net sales of between $56 billion and $60 billion for the first quarter, missing the analyst average estimate of $60.77 billion, according to IBES data from Refinitiv.

Net sales for the fourth quarter rose 19.7 percent to $72.38 billion, beating the analyst average estimate of $71.87 billion.

Amazon's net income rose to $3.03 billion, or $6.04 per share, in the quarter ended Dec. 31 from $1.86 billion, or $3.75 per share, a year earlier, which included a tax gain.

 

(Reporting by Arjun Panchadar in Bengaluru; Editing by Arun Koyyur)

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Feb 01 2019 | 2:39 AM IST

Explore News