Amazon stock drops after revenue beat, EPS miss

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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