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Amazon misses Q4 profit estimates despite better-than expected growth in cloud computing biz
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....mazon misses Q4 profit estimates despite better-than expected growth in cloud computing biz<BR>PTI News<BR>Dated:- 6-2-2026<BR>PTI<BR>New York, Feb 6 (AP) Amazon reported fourth-quarter earnings sligh....
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....tly below Wall Street estimates even as sales surged and it reported the fastest growth in its prominent cloud computing business in 13 quarters. The Seattle-based online behemoth on Thursday reporte....
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....d net income of USD 21.2 billion, or USD 1.95 per share, for the three-month period ended December 31. That compares with USD 20 billion, or USD 1.86 per share, in the year-ago quarter. Revenue rose ....
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....14 per cent to USD 213.4 billion in the fourth quarter, compared with USD 187.8 billion in the year-ago period. Analysts were expecting USD 1.97 per share on sales of USD 211.4 billion, according to ....
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....analysts polled by FactSet. Revenue from its cloud service arm called Amazon Web Services increased 24 per cent to USD 35.6 billion. Analysts were expecting USD 34.9 billion. Amazon said it plans to....
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.... increase capital spending to USD 200 billion this year from USD 125 billion as it sees opportunities in artificial intelligence, robots, semiconductors and satellites, Amazon CEO Andy Jassy said in a....
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.... press release. Wall Street analysts were expecting spending to rise to around USD 147 billion, according to FactSet. Shares were down close to 9 per cent in after-hours trading. (AP) RUK RUK<BR> New....
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....s - Press release - PIB....