Retail monster Amazon.com reported weaker September quarter revenue Thursday and lowered guidance sending the shares sharply lower. Amazon stock was trading at $90.15 -20.81 or -18.75% after the release. The markets were already jittery after the META trainwreck the night before. Amazon recorded a $3.9 billion loss on its Rivian investment which led to a reported a loss of 20 cents per share on revenue of $121.23 billion vs. $119.09 billion expected. Amazon was the last of the mega-cap tech companies … Continue reading “More Tech Wreckage as Amazon Follows Meta Down After Misses on Revenue and Guides Lower”
Retail monster Amazon.com reported much weaker September quarter earnings Thursday. $AMZN stock tumbled 4.5% after they guided much lower than expected. Amazon was already projected to grow at the slowest in the past decade but issued an even bleaker picture blaming labor and supply issues. This is the last quarter under which the e-commerce and technology giant’s founder Jeff Bezos was CEO, as longtime company exec Andy Jassy took over the top spot on July 5. Could this be the … Continue reading “Amazon Stock Tumbles After Missing Revenues, Guiding Far Below Consensus Expecting Labor Supply Issues To Hit Holiday Sales”
Retail monster Amazon.com is not slowing down with all the talk of inflation and supply constraints it is busy priming its workforce for the holiday season. $AMZN aims to hire 150,000 seasonal employees in the U.S. getting a jump ahead in the tight labor market.
Retail monster Amazon.com reported June quarter earnings Thursday,first report since founder Jeff Bezos stepped down, beating on earnings but missed on revenues. $AMZN stock tumbled after they guided much lower than expected. Q2 midline revenue of $109BN is projected to grow the slowest in the past decade.
Retail monster Amazon.com reported higher than expected fourth quarter earnings Thursday, beating on revenue and on EPS. $AMZN was up 10% on upbeat guidance now expecting higher revenue.
Black Friday hopes have seen retail monster Amazon.com stock rally back since $AMZN reported lower than expected third quarter earnings, beating on revenue but missing on EPS. The company has laid the platform for an aggressive Black Friday and Cyber Monday push.
Retail monster Amazon.com reported lower than expected third quarter earnings Thursday, beating on revenue but missing on EPS. The growth in AWS sales fell from 40% in Q1 to 35%, slowest growth in five years. $AMZN fell $116 or 6% on the release
Retail monster Amazon.com reported mixed second quarter earnings Thursday, beating on revenuebut missing on EPS. The growth in AWS sales fell from 41% in Q1 to first sub-40% growth in five years. $AMZN guided 3Q revenue higher from $66 billion to $70 billion
The Nigerian company Jumia Technologies NYSE IPO has gotten a lot of hype with the expected growth in e-commerce in Africa and because of its shareholders including Rocket Internet SE, Mobile Telephone Networks. Axa CS and Orange SA of France. The risks however are not idle.
Retail monster Amazon.com reported better than expected fourth quarter earnings Thursday, beating on EPS and on revenue. Cloud division AWS continues to dominate. However $AMZN lowered guidance going forward sending the stock lower.