Amazon (AMZN) reported its Q4 2022 earnings on Feb. 2.
Here are the key numbers from Amazon's report, as compared to analysts' expectations compiled by Bloomberg.
Q4 Net Sales – $149.2 billion actual versus $145.8 billion expected
Q4 Online Stores Net Sales: $64.5 billion actual versus $65.03 billion expected
Q4 Physical Stores Net Sales: $4.95 billion actual versus $4.93 billion expected
Q4 Earnings Per Share (EPS): 3 cents actual versus 17 cents expected
Q4 Amazon Web Services (AWS) Net Sales: $21.3 billion actual versus $21.76 billion expected
Q4 Operating Income: $2.7 billion billion actual versus $2.51 billion expected
Amazon's shares declined about 47% over the course of 2022, as the company found itself in the throes of a digital advertising slowdown, high inflation, and rising interest rates. After the company grew rapidly to keep up with pandemic demand, the far-reaching economic uncertainty of the last year left Amazon in a bind. To that end, Amazon announced some of Big Tech's most notable layoffs, looking to shed 18,000 employees in the company's largest layoff ever.
2022 was the year a unionization push at Amazon fully materialized. In April, the Amazon Labor Union (ALU) won a union election at a warehouse in Staten Island, N.Y. The company's been fighting it since, but that hasn't stopped the labor movement from gaining momentum. This month, workers at a U.K. Amazon warehouse staged the first strike of its kind in that country.
Allie Garfinkle is a Senior Tech Reporter at Yahoo Finance. Follow her on Twitter at @agarfinks and on LinkedIn.
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