Amazon's Annual Earnings Decline in 2023

EPS Drops by 117.4%

Amazon's financial performance in 2023 has been marked by a significant decline in its annual earnings per share (EPS). According to recent financial reports, the company's EPS for 2023 was reported as 29, reflecting a sharp drop of 117.407% from the previous year.

2022 and 2021 EPS Performance

In comparison, Amazon's annual EPS for 2022 was -0.27, which already represented a substantial decrease of 10.833% from 2021. This indicates that Amazon's profitability challenges have been persistent for multiple consecutive years.

Current EPS Performance

As of the latest financial update, Amazon's trailing twelve months (TTM) EPS stands at 1.96. This figure is still significantly lower than its EPS reported for the same period in 2023.

Conclusion

Amazon's recent decline in annual EPS raises concerns about the company's long-term profitability prospects. The consistent drop in EPS over the past three years indicates structural issues that may require strategic adjustments. Investors and stakeholders will be closely monitoring Amazon's performance in the coming quarters to assess the effectiveness of any corrective measures implemented to address these challenges and ensure sustainable growth going forward.