Amazon shares fell on Thursday as the ecommerce group posted a weaker than expected outlook for the first quarter, warning it anticipated an “unusually large, unfavourable impact” from a strong dollar.
The Seattle-based group’s fourth-quarter revenues — which includes the holiday shopping season — rose 10 per cent year on year to $187.8bn, Amazon said on Thursday. Revenue came in above analysts’ expectations in a Visible Alpha survey of $187bn.
But it said it expected net sales in the current quarter to come in between $151bn-$155.5bn, well below forecasts for $158.5bn. A strong dollar will knock first-quarter revenues by $2.1bn, Amazon said.
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