Amazon.com Inc. projected sluggish sales for the holiday quarter as the e-commerce giant contends with slower growth and consumers cutting their spending in ...
Amazon Web Services, the cloud-computing division, and the advertising unit each reported muted third-quarter revenue growth by their lofty standards. The shares plunged about 13% in extended trading. Either figure would be the slowest increase ever for Amazonโs โPeakโ season, which usually finds warehouse employees rushing to get orders out on time.
Amazon (AMZN) shed 2.6% at Thursday's open to trade at $112.65 ahead of third quarter earnings out after the close. Two sets of positive economic data.
The hourly charts show that the price is balanced at a critical juncture. The gold price is under pressure, forced back into a neutral zone on the daily chart. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author will not be held responsible for information that is found at the end of links posted on this page. The BOJ will announce its decision on Friday. The author has not received compensation for writing this article, other than from FXStreet. Amazon stock definitely looks like it might droop a bit today and find solace again in the $101 to $109.50 range. It also does not guarantee that this information is of a timely nature. So far most analysts seem to think that management's guidance will be somewhat conservative as the US economy appears headed into a recession that would surely cut into the holiday shopping season. EPS revisions over the past quarter have seen 24 out of 31 analysts lower their forecasts for the third quarter. However, the focus on Thursday evening will fall firmly on Amazon Web Services (AWS), the company's cloud infrastructure segment. The insights here will lead analysts to adjust their
Amazon said it expects net sales to be between $140bn and $148bn in the fourth quarter. But analysts were expecting the forecast to be over $155bn. CEO Andy ...
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