(Reuters) – Amazon.com beat fourth-quarter revenue expectations on Thursday on robust growth in online spending by consumers during the holiday season despite high borrowing costs.
Revenue in the fourth quarter rose 14% to $170 billion. Analysts on average expected revenue of $166.21 billion, according to LSEG data.
(Reporting by Akash Sriram in Bengaluru; Editing by Arun Koyyur)
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