Tag AMZN

Amazon stock fell after the e-commerce giant reported first-quarter results that topped estimates, though cloud computing growth slowed...

Amazon com sells an awful lot of goods and services to generate half a trillion dollars in annual revenue. Amazon’s first-quarter results late Thursday were strong in many respects. Revenue rose 9% year over year to $127.4 billion, beating Wall Street’s projections for 7% growth...

Amazon's first quarter results beat analyst estimates on both the top and bottom lines. The tech giant's results were powered by better-than-expected performance from its cloud-computing and advertising businesses.  In a call with analysts, Amazon (AMZN) leadership expressed their concerns about an economic slowdown. However, there were some optimistic notes, with CEO Andy Jassy saying of AWS "few folks appreciate how much new cloud business will happen over the next several years." Yahoo Finance's Brad Smith, Rachelle Akuffo, and Allie Garfinkle were listening to the call. They noted how cautious Amazon executives were, the big focus on cost cutting, and the opportunities the company has with AI. Key video moments 00:00:15 Amazon stock check 00:00:50 C-suite's cautious tone 00:01:20 Key takeaways 00:03:50 What was said about AI 00:08:00 Vibe checks 00:09:25 What analysts, social media users are saying 00:12:22 Final thoughts...

Amazon reported a beat on the top and bottom lines in its first quarter earnings release, but the call didn’t reflect the company’s victory. Yahoo Finance’s Brad Smith and Rachelle Akuffo gave their vibe check for Amazon’s (AMZN) earnings call. Rachelle felt optimistic about the call, giving it a 4 out of 5 saying that even with macroeconomic uncertainty, Amazon is still “well positioned.” Brad, however, gave the call a 3 out of 5. He felt CEO Andy Jassy and his team weren’t as upbeat as he expected. Brad and Rachelle’s biggest takeaway: concern about the economy sucked the energy out of the impressive first quarter results. 00:00:04 Rachelle’s vibe 00:00:24 Brad’s vibe...

Amazon shares initially rose sharply in late trading Thursday after the company reported first-quarter earnings and revenue that surpassed Wall Street estimates. For the first quarter ended March 31, Amazon reported net sales of $127.4 billion, up 9% from a year earlier. On the earnings conference call, however, an Amazon executive said cloud spending was decelerating with April revenue growth down about 5 percentage points compared with the first quarter’s 16% growth rate year-over-year for Amazon Web Services...

"There's a lot to like about how our teams are delivering for customers, particularly amidst an uncertain economy," said CEO Andy Jassy...

Amazon reported better than expected sales and profits in the March quarter, despite persistent inflation and a weakening economic environment that analysts had feared would result in softer spending among consumers and enterprise cloud customers. Overall revenues grew 9 per cent to $127.4bn, ahead of forecasts of $124.6bn, according to S&P Capital IQ. Sales at Amazon’s online stores were flat at $51.1bn, beating forecasts of $50.4bn...

This was a strong enough trading day to pull major indices into positive territory for the past five trading days...

Amazon (AMZN) shares jumped over 6% in after hours trading following strong Q1 earnings beat driven by North American e-commerce and cloud revenue...

(Bloomberg) -- Amazon.com Inc. reported quarterly profit that topped estimates as cost cuts and surprisingly strong sales in the cloud-computing division helped the e-commerce giant weather an uncertain economy. The shares were little changed in extended trading, giving back earlier gains of as much as 12%.Most Read from BloombergTesla Drops Model Y Starting Price Below the Average US VehicleFed’s Jerome Powell Tricked by Russian Pranksters Posing as ZelenskiyUS Economic Growth Slows to 1.1% Whi...