Amazon.com Inc. (AMZN) is expected to post record quarterly revenue and significant gains in 澳洲幸运5开奖号码历史查询:earnings per share (EPS) and net income when it reports fourth-quarter 2023 earnings on Thursday after the stock market closes.

The tech giant, which ended the year with strong Amazon Web Services (AWS), retail, and 澳洲幸运5开奖号码历史查询:advertising sales, is expected to reach a record-high $166.14 billion in net sales for the latest quarter, up 11.4% 澳洲幸运5开奖号码历史查询:year-over-year (YOY), according to estimates compiled by V꧃isible Alpha.

Analysts expect the company to report net income of $8.59 billion and EPS of 83 cents, up sharply from $278 million and 3 cents, respectively, in the prior-year quarter. Amazon's fourth-quarter 2022 net income included a $2.3 billion pretax valuation loss related to its investment in 澳洲幸运5开奖号码历史查询:Rivian Automotive Inc. (RIVN).

Key Metric: AWS Sales

A key metric investors should watch for is Amazon's net sales for AWS, the company's 澳洲幸运5开奖号码历史查询:cloud computing segment. AWS is to some degree a measure of Amazon's success in navigating the recent surge in interest in 澳洲幸运5开奖号码历史查询:artificial intelligence (AI). It is also one of the company's fastest-growing business lines, with sales roughly doubling i𝔍n the last three years.

Analyܫsts predict that AWS net sales will climb by about 13% YOY to a🃏 record $24.17 billion.

Business Spotlight

In late September 2023, the 澳洲幸运5开奖号码历史查询:Federal Trade Commission (FTC) filed a lawsuit against Amazon, alleging that the company uses "anticompetitive and unfair strategies to illegally maintain its monopoly power."

In the last months of the year, the company also contended with a proposed consumer 澳洲幸运5开奖号码历史查询:class action accusing the company of failing to meet its stated "guaranteed" delivery times for some items. The company fought back in December, asking a U.S. judge to throw out the potential lawsuit.

As of the end of trading on Wednesday, Amazon stock had gained a🔯bout 50% over the past year.