2024-08-01 23:55:08
Stocks
Business
Technology

Amazon Stock Falls on Weaker Sales Outlook

Amazon's stock fell 5% after reporting Q3 sales guidance below estimates. The company beat EPS but missed revenue.

AWS saw strong growth, while advertising missed. Investors have limited patience for massive AI spending, heightening scrutiny on Wall Street.

Despite beating expectations for Q2 earnings, Amazon's revenue missed and the company gave a lower sales outlook. AWS sales grew 18.7%, but advertising and third-party seller fees fell short.

CEO Jassy has cut costs, but North American retail operations missed. Amazon's focus on AI to compete with Microsoft and Google has led to increased investments, impacting margins.

The company projects lower-than-expected revenue for Q3. Despite strong growth in AWS and online store sales, investors remain cautious, favoring lower-priced goods.

The stock is down over 4% post-earnings, reflecting the scrutiny on Big Tech results.

Yahoo Finance
1. August 2024 um 20:58

Amazon stock tumbles on weaker than expected sales outlook

Finance
Economy
Technology
Amazon's stock fell 5% after reporting Q3 sales guidance below estimates. The company beat EPS but missed revenue. AWS saw strong growth, while advertising missed. Amazon's report came amid Big Tech results, including Microsoft's cloud revenue miss, Alphabet's YouTube ad revenue miss, Meta's better-than-expected results despite warning of 'significant' capital expenditures in 2025, and Apple's earnings. Investors have limited patience for massive AI spending, heightening scrutiny on Wall Street.
Yahoo Finance
1. August 2024 um 20:04

Amazon projects quarterly revenue below estimates, shares slide

Economy
Technology
Finance
Amazon Q2 profit and AWS sales beat, but Q3 revenue missed. Consumers cautious, favoring lower-priced goods. AWS revenue grew 19% to $26.3B; ads missed at $12.8B. Amazon spent $30.5B on capex in H1, plans AI chatbot Rufus. Focuses on AI to compete with Microsoft, Google. Amazon stock gained 23% YTD; CEO Jassy cited AWS growth acceleration. Amazon's online store sales grew only 5% in Q2, down from 7% in Q1.
Yahoo Finance
1. August 2024 um 21:17

Amazon Stock Slides On Q2 Revenue Miss, Disappointing Sales Outlook

Economy
Finance
Technology
Amazon's Q2 earnings beat expectations, but revenue missed. AWS sales grew 18.7%, exceeding forecasts. However, advertising and third-party seller fees fell short. The company also gave a lower sales outlook. Operating income rose 90% YoY, but North American retail ops missed. CEO Jassy has cut costs, and Amazon briefly hit $2T. The stock is down over 4% post-earnings, with an IBD Composite Rating of 78 and Relative Strength Rating of 82.
New York Times - Technology
1. August 2024 um 22:05

Amazon Reports $148 Billion in Second Quarter Sales

Economy
Technology
Finance
Amazon Q2: $148B sales, $13.5B profit. Retail 9% growth, 5.6% margins. AWS 19% growth, 35.5% margins. $16B capex, AI computing. Scrapped iRobot, $71.7B cash. Investing in Prime, NBA rights. Slower Q3. 11% more items sold. 20% ad growth.
EL PAÍS
1. August 2024 um 21:27

Amazons Ergebnisse erfüllen die Prognosen nicht, da sie durch Investitionen in Künstliche Intelligenz belastet sind

Wirtschaft
Technologie
Finanzen
Amazon meldet Ergebnisse, die unter den Markterwartungen liegen, da das Unternehmen mehr in Künstliche Intelligenz investiert, was sich auf seine Gewinnspannen auswirkt. Der Einzelhandel und die Werbung treiben jedoch weiterhin seine Gewinne an, die um 141% im Jahresvergleich steigen. Die AWS-Cloud-Computing-Sparte beschleunigt weiter, und das Unternehmen kündigt den Bau eines neuen Logistikzentrums in Puerto Rico an.
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