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”
Amazon Priming For Christmas Hiring 150,000 Seasonal Employees
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.
Amazon Stock Tumbles 7.5% After Missing Revenues, Guiding Far Below Consensus
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.
Data Cloud Storage Software Company Snowflake Forecasts Slower Revenue Growth Than Investors Hoped
Cloud data platform Snowflake, who launched it’s IPO last September reported Fiscal 4th quarter earnings Wednesday. $SNOW sold off after it’s full-year guidance did not exceed analysts’ estimates, a miss in a hugely overvalued technology sector. SNOW also announced an end to its dual-share class structure.
Data Cloud Storage Software Company Snowflake Launches IPO
Cloud data platform Snowflake launched it’s IPO Wednesday under the symbol $SNOW and priced at $120 a share. It hit a high of $319 just after the open fueled by news Berkshire Hathaway and Salesforce bought shares in concurrent private sales.
Amazon Surged Above $1 Trillion in Market Capitalization After Monster Earnings
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.
Amazon Lays The Platform For an Aggressive Black Friday and Cyber Monday Push
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.
Amazon Earnings Miss as AWS Cloud Business Growth Slows
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
Amazon Revenue Beats But Amazon Web Services Cloud Business Growth Misses
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
Alexa Says Amazon Earnings Beat But Lowers Outlook
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.