Amazon is sliding after its revenue miss

Amazon is down 2.3% at $813.09 a share after reporting fourth-quarter earnings following Thursday’s closing bell.

The online retail giant beat on profit but missed on revenue. Expectations were high as Amazon was expected to report much stronger earnings and sales following a record holiday season for online sales.

Here are the most important numbers:

  • EPS (GAAP): $1.54 per share vs. $1.35 per share average analyst estimate
  • Revenue: $43.7 billion vs. $44.68 billion average analyst estimate (up 22% year-over-year)
  • AWS Revenue: $3.5 billion (up 47% year-over-year from $2.4 billion)

Amazon also gave first quarter revenue guidance in the range of $33.25 billion and $35.75 billion, lower than the expected range of $34.52 billion to $36.95 billion.

Visit Markets Insider for constantly updated market quotes for individual stocks, ETFs, indices, commodities and currencies traded around the world. Go Now!

NOW WATCH: Here’s how to use one of the many apps to buy and trade bitcoin

NOW WATCH: Money & Markets videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at