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Amazon reported fourth quarter earnings that beat analysts' expectations Thursday and delivered an optimistic outlook for the months ahead. The stock climbed more than 6% in early trading on Friday.
Even as Amazon brought home earnings per share (EPS) of $1.26, beating estimates of $1.04 and nearly doubling profits from the same period last year, investors focused instead on the report's ...
The beat was driven by a 16% jump in Amazon Web Services (AWS) revenue, which Amazon said is on course to generate $100 billion annually. The company reported adjusted earnings per share of $0.98 ...
Amazon earned $6.7 billion during the same period last year. Earnings per share for the second quarter came out to $1.26, higher than analysts' expectations of $1.03. However, investors reacted negatively to other results, leading Amazon shares to fall more than 6% after the closing bell.
The company's efforts to rein in costs, which ran Amazon about $500 million in the first quarter, are expected to be a central focus on the company's earnings call Thursday evening.
Amazon execs still have their heads in the cloud, as they should.The tech giant crushed it in the second quarter.And just like that, investors' concerns about the ongoing drop in growth for its ...
August 1, 2024 at 8:42 PM. Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. The Seattle-based ...
Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading.. The Seattle-based tech company said it earned $13.5 billion for the April-June period, higher than the $10.99 billion industry analysts surveyed by FactSet had anticipated.