2024-08-01 23:55:08
Stocks
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Technology
Amazon Stock Falls on Weaker Sales Outlook
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Yahoo Finance
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
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
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
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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