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Amazon.com AMZN:Full year 2024 earnings: EPS exceeds analyst expectations
Full year 2024 results:
EPS: US$5.66 (up from US$2.95 in FY 2023).
Revenue: US$638.0b (up 11% from FY 2023).
Net income: US$59.2b (up 95% from FY 2023).
Profit margin: 9.3% (up from 5.3% in FY 2023). The increase in margin was driven by higher revenue.
Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 7.4%.
Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.8% growth forecast for the Multiline Retail industry in the US.
Over the last 3 years on average, earnings per share has increased by 48% per year but the company’s share price has only increased by 14% per year, which means it is significantly lagging earnings growth.
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