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Dubai News Club > Tech > Amazon had a better holiday quarter than expected but its worst annual loss in years
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Amazon had a better holiday quarter than expected but its worst annual loss in years

Press Room
Last updated: 2023/02/02
Press Room
Published: February 2, 2023
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Amazon had better net sales during its holiday quarter than even its best projections, but the results still show a company struggling with economic slowdowns across its divisions.

Net sales were up 9 percent year over year, according to Amazon’s just-released Q4 2022 earnings, surpassing the company’s guidance it gave last quarter that growth would be up between 2 and 8 percent year over year. That said, it was its least profitable Q4 ever; the company earned $0.3 billion for quarter, a…

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