New Delhi, Feb. 7 -- Amazon, one of Wall Street's most influential companies, topped analysts' expectations for earnings at the end of 2024, but its stock nevertheless fell 4%. Investors focused instead on its forecast for upcoming revenue, which fell short of analysts' expectations. Amazon.com dipped 3.7% due to weakness in the retailer's cloud computing unit, Amazon Web Services, and lower-than-expected forecasts for first-quarter revenue and profit.

Amazon.com eliminated a reference to "inclusion and diversity" in its annual report filed on Thursday, after telling employees in December that it was winding down diversity programs as part of corporate America's broader retreat from such policies.

Some of the biggest U.S. businesses hav...