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Amazon shares fall 4% after cloud unit reports weaker-than-expected growth
Amazon shares fell 4% in Frankfurt on Friday a day after the retailer's results showed weakness in its cloud computing unit and it forecast and lower-than-expected first-quarter revenue and profit.
Amazon’s quarterly profits soar to a record $20 billion, but cloud growth comes up short
Amazon's beat Wall Street's overall expectations with $187.8 billion in net sales, up 10%, and came in well ahead on the bottom line, with earnings of $1.86 per share, vs. expectations of $1.48 for the fourth quarter.
Amazon’s stock drops as earnings outlook underwhelms, cloud growth will be ‘lumpy’
The company called out an ‘unusually large, unfavorable impact’ from currency, which is expected to hit first-quarter results.
Amazon beats quarterly revenue estimates, cloud growth lags
Amazon.com topped Wall Street estimates for quarterly revenue on Thursday, as strong sales over the holiday shopping season boosted its retail business, helping offset weakness in the cloud computing unit.
4h
on MSN
Amazon’s profit is suddenly going through the roof, fueling CEO Andy Jassy’s $100 billion AI spending spree to fight Google and Microsoft
Jassy told analysts on an earnings call Thursday that Amazon will spend around $100 billion or more on capital expenses in ...
10h
on MSN
Amazon reports strong earnings for Q4, but stocks dip due to guidance for the 1st quarter
The Seattle-based e-commerce and technology company said its revenue for the October-December period totaled $187.8 billion, ...
9h
Amazon Says Profits Rose 88% but Cautions Growth May Slow
The company’s cloud computing business showed strong growth, while a forecast for the current quarter disappointed investors.
10h
on MSN
Upcoming Amazon event invite teases a new AI-powered Alexa
Invites went out for an Amazon event in New York City on February 26, and all clues point to an Alexa AI announcement.
CNET on MSN
15h
Amazon's Alexa Set for Major AI Upgrade: Here's What to Expect
If announced, this would mark Alexa's most significant evolution since its debut in 2014. Although Amazon has long been a ...
1d
on MSN
Amazon’s war on bloat alienates workers — and pleases Wall Street
Employees in multiple departments at Amazon describe an uncertain workplace, where old career paths are drying up and ...
13h
3 comedies on Amazon Prime Video you need to watch in February 2025
Reese Witherspoon, Jack Black, Anne Hathaway, and Meryl Streep star in three comedies on Amazon Prime Video you need to watch ...
14h
on MSN
Amazon’s Whole Foods asks labor agency to set aside results of union win at Philadelphia store
Amazon-owned Whole Foods is asking the National Labor Relations Board to set aside the results of a union election that led ...
16h
on MSN
Amazon's Alexa Set For Radical Overhaul: What to Know
Alexa is set to receive a reboot powered by generative artificial intelligence, which "could be risky" for Amazon.
14h
Amazon earnings recap: Stock falls as guidance falls short, CFO indicates capex of more than $100 billion in 2025
Amazon's earnings call is today at 5 pm ET. AMZN stock heads into the report up 8% YTD. Investors are focused on cloud demand ...
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