Amazon stock falls 10% on $200 billion spending forecast, earnings miss

Amazon reported fourth-quarter earnings on Thursday after the bell. Here’s how the company did, compared with estimates from analysts polled by LSEG: * **Earnings per share:** $1.95 vs. $1.97 estimated * **Revenue:** $213.39 billion vs. $211.33 billion estimated Wall Street was also looking at other key revenue numbers: * **Amazon Web Services:** $35.58 billion vs. $34.93 billion expected, according to StreetAccount * **Advertising:** $21.32 billion vs. $21.16 billion expected, according to StreetAccount Source: [https://www.cnbc.com/2026/02/05/amazon-amzn-q4-earnings-report-2025.html](https://www.cnbc.com/2026/02/05/amazon-amzn-q4-earnings-report-2025.html)