<span class="HighlightShare-hidden"></span><div id="RegularArticle-RelatedQuotes"><div><div><p>In this article</p></div><ul><li>AMZN<span class="AddToWatchlistButton-watchlistContainer" id="RegularArticle-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></li></ul></div><div><span class="CreateFreeAccountButton-buttonText"><span>Follow your favorite stocks</span><span class="CreateFreeAccountButton-buttonTextBold">CREATE FREE ACCOUNT</span></span></div></div><div id="ArticleBody-InlineImage-107159163"><div><div><div></div></div><div><div>Andrew Ross Sorkin speaks with Amazon CEO Andy Jassy during the New York Times DealBook Summit in the Appel Room at the Jazz At Lincoln Center on November 30, 2022 in New York City.</div><div>Michael M. Santiago | Getty Images</div></div></div></div><div><p>Shares of <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-1">Amazon<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span> fell as much as 5% on Friday, a day after the e-retailer posted soft growth in its retail and cloud computing businesses, and gave downbeat guidance.</p><p>Its stock was hit harder than peers <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-3">Apple<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span> and <span class="QuoteInBody-quoteNameContainer" id="RegularArticle-QuoteInBody-4">Alphabet<span class="QuoteInBody-inlineButton"><span class="AddToWatchlistButton-watchlistContainer" id="-WatchlistDropdown"><span class="AddToWatchlistButton-addWatchListFromTag"></span></span></span></span>, which also reported on Thursday evening. Shares of Apple were trading up about 4% on Friday morning while Alphabet was down about 1%. Both of those companies missed on the top and bottom.</p><div></div><div><span class="ExclusiveContentBucket-smallSpan"></span><span class="ExclusiveContentBucket-border"></span><h2>related investing news</h2><div><div id="Regular Article-ExclusiveContentBucket-3-0"><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107188237-1675362657333-gettyimages-1246745341-AFP_338E7RX.jpeg/query-dj0xNjc1NDI5ODIz?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Analysts say buy Amazon for the long term, despite recession concerns and slowing AWS growth" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107188237-1675362657333-gettyimages-1246745341-AFP_338E7RX.jpeg/query-dj0xNjc1NDI5ODIz"/><div></div><div></div></div><div><div>Analysts say buy Amazon for the long term, despite recession concerns and slowing AWS growth</div><div><div><div>Samantha Subin</div></div><div>3 hours ago</div></div></div></div><div id="Regular Article-ExclusiveContentBucket-3-1"><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107157737-1669657708386-gettyimages-1445218162-0j5a6215_b7ed52b7-726e-47ec-a874-3c6208be87fc.jpeg/query-dj0xNjc1Mzg2OTEx?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Why we expect more cost cuts at Amazon after a solid fourth quarter" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107157737-1669657708386-gettyimages-1445218162-0j5a6215_b7ed52b7-726e-47ec-a874-3c6208be87fc.jpeg/query-dj0xNjc1Mzg2OTEx"/><div></div><div></div></div><div><div>Why we expect more cost cuts at Amazon after a solid fourth quarter</div><div><div><div>Jeff Marks</div></div><div>15 hours ago</div></div></div></div><div id="Regular Article-ExclusiveContentBucket-3-2"><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107176653-1673370154829-NUP_200112_10056.jpg/query-dj0xNjc1MzYwMzUx?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Your earnings investing playbook for the big Apple, Amazon and Alphabet results after the bell" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107176653-1673370154829-NUP_200112_10056.jpg/query-dj0xNjc1MzYwMzUx"/><div></div><div></div></div><div><div>Your earnings investing playbook for the big Apple, Amazon and Alphabet results after the bell</div><div><div><div>Jesse Pound</div></div><div>22 hours ago</div></div></div></div></div></div><p>Amazon's fourth-quarter revenue increased 9% to $149.2 billion, topping analysts' expected $145.8 billion. But the revenue beat was overshadowed by another quarter of slowing growth in Amazon's core retail business and in Amazon Web Services, which have been dented by the challenging economic environment.</p><p>Amazon said it expects revenue of between $121 billion and $126 billion in the current quarter. Analysts had been expecting $125 billion.</p><p>&#34;Consumers sound cautious and the Cloud deceleration cadence appears to be landing in the 'mid-teens' for [the first quarter,]&#34; analysts at Piper Sandler, which have an overweight rating on Amazon shares, wrote in a note Friday.</p><p>&#34;Above all, management comments suggest AMZN is still navigating a difficult stretch,&#34; the analysts added.</p><p>Despite the near-term rockiness, several analysts said they remain encouraged by CEO Andy Jassy's efforts to get costs under control. They also believe Amazon will prove it can withstand the economic turbulence and can continue to grow in the long term.</p><div></div><p>Jassy has been working to get Amazon's costs under control after a period of unbridled expansion. Last month, the company said it would lay off more than 18,000 corporate employees. It enacted a hiring freeze among its corporate ranks, cut some projects, and paused some physical stores and warehouse expansion.</p><p>&#34;While the next few quarters will likely remain volatile as an output of macroeconomic volatility, the long-term narratives from Amazon and a compelling multi-year risk/reward should appeal to investors,&#34; Goldman Sachs' Eric Sheridan wrote in a Friday note.</p><p><strong>WATCH: </strong>Arete Research's Richard Kramer on the outlook for Apple, Amazon and Alphabet</p></div><div><div id="Placeholder-ArticleBody-Video-107188606"><div id="InlineVideo-0"><div><div><img src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107188622-16754244746ED2-REQ-020323-WEX-Kramer.jpg/query-aD00MjImdj0xNjc1NDI0NjUyJnZ0Y3JvcD15Jnc9NzUw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="Arete Research's Richard Kramer on the outlook for Apple, Amazon, and Alphabet" original-src="https://imageproxy.pbkrs.com/https://image.cnbcfm.com/api/v1/image/107188622-16754244746ED2-REQ-020323-WEX-Kramer.jpg/query-aD00MjImdj0xNjc1NDI0NjUyJnZ0Y3JvcD15Jnc9NzUw"/><span class="InlineVideo-videoButton"></span><span><div><div><span class="PlayButton-flyout">watch now</span><span class="icon-play-triangle PlayButton-icon"></span></div></div></span></div><div><div><span class="InlineVideo-videoLabel">VIDEO</span><span class="InlineVideo-videoDurationWithLeading0">5:37</span><span class="InlineVideo-videoDuration InlineVideo-videoLabel">05:37</span></div><div>Arete Research's Richard Kramer on the outlook for Apple, Amazon, and Alphabet</div><div>Worldwide Exchange</div></div></div></div><div></div></div></div><div id="ArticleBody-MobileAdhesion"></div>

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<p>Despite Amazon's mixed fourth-quarter earnings report, analysts were encouraged by the company's potential for long-term growth and efforts to tame expenses.</p>

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Amazon stock hit hardest after tech earnings bonanza, despite misses by Apple and Alphabet