CNBC Investing Club

Why we expect more cost cuts at Amazon after a solid fourth quarter

An Amazon driver loads packages into a delivery van at an Amazon delivery station on November 28, 2022 in Alpharetta, Georgia.
Justin Sullivan | Getty Images News | Getty Images

Amazon (AMZN) on Thursday delivered a fourth-quarter revenue beat, even as its guidance disappointed investors and sent shares tumbling in afterhours trading. But we're sticking with the ecommerce giant on the expectation it will commit to further reining in costs this year, allowing the stock to soar higher.