Tag AMZN

Amazon (AMZN) stock rose after the the company’s fourth quarter earnings report top Street estimates. Apple (AAPL) and Meta Platforms (META) also posted better-than-expected results after the market close on Thursday. Dave Smith, Rockland Trust Executive Vice President and Chief Investment Officer joins Yahoo Finance Live to discuss the role of the Magnificent Seven in the market. Smith sees the earnings of the Magnificent Seven as “critical,” noting “it’s going to move the benchmarks,” due to these companies' contributions to the S&P 500 (^GSPC). Investors should "be careful" with the large tech stocks, insists Smith, who notes "the business models are so dramatically different." He expects "some dispersion" in the Magnificent Seven this year. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Eyek Ntekim...

Amazon (AMZN) delivered earnings and revenue surprises of 24.69% and 2.23%, respectively, for the quarter ended December 2023. Do the numbers hold clues to what lies ahead for the stock?...

Amazon (AMZN) reported its fourth-quarter earnings, beating Wall Street estimates with $170 billion in revenue versus an expected $166.2 billion. The company released its forecasts for its first quarter 2024 claiming sales will be between $138 billion and $143.5 billion, within Wall Street expectations of $141 billion. Shares of the company began to trend up after the report was released.  Wedbush Securities Managing Director Scott Devitt and Seaport Global Analyst Aaron Kessler join Yahoo Finance to discuss Amazon's earnings results and the performance of the online retailer's various segments and business properties. Kessler points to Amazon's AWS (Amazon Web Services) as a source of success, given its high margin operations and growth, alongside its retail segments: "Then on the retail side they talk about better regionalization and shipping costs which are reduced because of that. They have gotten really more focused on cost structure within the retail business." Devitt explains how the different pieces of the company work synergistically, aiding to their success: "Think of Amazon in five pieces. The retail business is first-party, third-party, and a logistics business. There's an advertising business that's success is driven by the ownership of the marketplace and you have AWS built out of the infrastructure of Amazon. You could get away with AWS being a separate entity, certainly. But when you think about the AI aspects of the business now with the cloud business integrated into that operation, I'm not sure that that's the case either. At a high level, these are all very well-integrated aspects to the business." For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino...

Apple, Amazon.com and Meta Platforms—three of the so-called Magnificent Seven—reported results today after the close, with all three turning in revenue that beat Wall Street's estimates for the latest quarter...

Net Sales Surge and Operating Income Soars in Fourth Quarter...

Amazon.com, Inc. (NASDAQ:NASDAQ:AMZN) Q4 2023 Earnings Conference Call February 1, 2024 5:30 PM ETCompany ParticipantsDave Fildes - Director of IRAndrew.....