Amazon delivered a strong set of financial results in the fourth quarter, but saw its shares dip on lower-than-expected guidance for the first quarter.

The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, a 10% jump compared to the same period in 2023. Profits came out to $20 billion while earnings per share reached $1.86, higher than the $1.49 that analysts surveyed by FactSet had anticipated.

Cloud computing and online retail behemoth Amazon (NASDAQ:AMZN) in Q4 CY2024, with sales up 10.5% year on year to $187.8 billion. On the other hand, next quarter’s revenue guidance of $153.3 billion was less impressive,