This article was written with the assistance of GPT-3.
The expectations: While Amazon’s Q4 guidance suggested the retailer would report its slowest-ever holiday season growth, the retailer appears likely to turn in a better-than-expected performance when it reports its earnings this afternoon, per Bloomberg.
By the numbers: Analysts estimate Amazon earned 17 cents per share, down from 29 cents per share a year earlier.
- Bloomberg Second Measure, which tracks credit and debit card transactions, estimates Amazon’s US retail sales during the last three months of 2022 rose 9.3% year-over-year (YoY).
- That would outpace Amazon's forecast, which expected revenues would rise between 2% and 8%.
- Amazon is expected to post overall sales of $145.8 billion for the three months ended Dec. 31, up 6% YoY, with net income expected at $1.98 billion, down 60% YoY.