Tag: AWS

Retail monster Amazon.com reported much stronger June quarter revenue Thursday and raised guidance for Q3 sending the shares sharply higher. It was Amazon’s biggest earnings beat since Q4 2020 with the ongoing cost-cutting improving margins. Amazon was the last of the mega-cap tech companies to report, following Netflix, Microsoft, Apple, Intel, Meta and Alphabet. AMZN reported net income of $6.7 billion, or 65 cents a share, after recording a loss of $2 billion, or 20 cents a share, a year earlier. The year-ago loss was … Continue reading “Amazon Stock Surges 8% After Blow Out Earnings and Raised Guidance”

Retail monster Amazon.com reported stronger March quarter revenue Thursday and raised guidance for Q2 sending the shares sharply higher.  Amazon stock was trading at 118.19 ▲ 8.37 (7.62%) after the release. Earnings were 31 cents per share v 21 cents per share expected on revenue of $127.36 billion vs $124.71 billion expected. AWS generated operating income of $5.1 billion in the quarter, AWS determines the company’s profitability as total operating income rose to $4.77 billion. The markets were already bulled up after … Continue reading “Amazon Advertising and AWS Cloud Computing Drive Earnings Higher than Expectations”

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”