Tag AMZN
Amazon.com stock popped in late trading Thursday after the online retail giant reported third-quarter earnings that beat Wall Street estimates. Revenue for Amazon Web Services, the company’s cloud computing platform, increased 19% to $27.5 billion. Meanwhile, online stores revenue of $61.4 billion increased from last year’s $57.3 billion and was above analyst expectations for $59.7 billion...
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Amazon Tops Third-Quarter Views as Cloud Computing, Advertising Sales Gain...
Continue ReadingAmazon’s (AMZN) third-quarter results came in above Wall Street’s estimates thanks to strong growth in its cloud and advertising divisions...
Continue ReadingAmazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading. Amazon said it earned $15.3 billion, higher than the $12.21 billion industry analysts surveyed by FactSet had anticipated. Net sales increased 11% compared with the third quarter of 2023, Amazon said...
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Amazon stock jumped in extended trading Thursday after the company reported better-than-expected third-quarter results driven by growth in its cloud and advertising businesses...
Continue ReadingCloud computing and online retail behemoth Amazon (NASDAQ:AMZN) announced better-than-expected revenue in Q3 CY2024, with sales up 11% year on year to $158.9 billion. On the other hand, the company expects next quarter’s revenue to be around $185 billion, slightly below analysts’ estimates. Its EPS of $1.43 per share was also 25.2% above analysts’ consensus estimates...
Continue ReadingAmazon.com Inc (NASDAQ:AMZN) reported third-quarter earnings that surpassed analyst estimates, driving its stock up 5.7% in after-hours trading despite issuing lower-than-expected guidance for the upcoming quarter...
Continue ReadingUS stocks (^DJI,^GSPC, ^IXIC) are trading lower, with Big Tech leading the pullback after Meta (META) and Microsoft (MSFT) earnings fed into concerns about artificial intelligence (AI) spending. US SPDR Business at State Street Global Advisors chief investment strategist Michael Arone joins Market Domination Hosts Alexandra Canal and Josh Lipton to discuss his outlook for the Big Tech sector. “What's been happening is that these companies continue to beat on top and bottom line, yet their forecasts just aren't good enough given how far they've come from a price-performance perspective and where their valuations are,” Arone tells Yahoo Finance. The strategist adds, “I do expect this [Big Tech pullback] to continue to unfold, given some of the risks." For more on Arone’s expectations for Big Tech stocks and how to navigate the pullback, watch the video above. To watch more expert insights and analysis on the latest market action, check out more Market Domination here. This post was written by Naomi Buchanan...
Continue ReadingAmazon.com, Inc. (NASDAQ:AMZN) Q3 2024 Earnings Call Transcript October 31, 2024 5:00 PM ETCompany ParticipantsDave Fildes - VP of IRAndy Jassy - CEOBrian.....
Continue ReadingThis online retail stock is in a base and near a buy point as the company's earnings report looms...
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