Reports Q4 revenue $170.0B, consensus $166.21B. Amazon said that excluding the $1.3B favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 13% compared with fourth quarter 2022. Fourth quarter 2023 net income includes a pre-tax valuation loss of $0.1B included in non-operating income (expense) from the common stock investment in Rivian Automotive (RIVN), compared to a pre-tax valuation loss of $2.3B from the investment in fourth quarter 2022.
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