Amazon's stock drops after profit beats but revenue misses

Shares of Amazon slumped 1.7% in Thursday's after-hours session, as second-quarter profit rose above expectations by revenue came up short, and the full-year outlook was on the downbeat side. Net ...


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Amazon's Stock Drops After Profit Beats But Revenue Misses

3 weeks from now

Shares of Amazon slumped 1.7% in Thursday's after-hours session, as second-quarter profit rose above expectations by revenue came up short, and the full-year outlook was on the downbeat side. Net ...

marketwatch.com

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Amazon Stock Tumbles 8% As Profit, Revenue Outlook Disappoints

3 weeks from now

Aug 2, 2024  · 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 …

yahoo.com

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Amazon Shares Slide After Earnings Miss - Forbes

3 weeks from now

Aug 1, 2024  · Analysts estimated the e-commerce giant would generate $148.7 billion in revenue and $1.03 earnings per share. ... Amazon’s stock started the year at $149.93 per share and is …

forbes.com

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Amazon Earnings: Stock Falls As Rare Revenue Miss Offsets AWS Beat

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Revenue for Amazon's AWS cloud-computing business came in at $26.28 billion, or 17.8% of total revenue. That's up from 17.5% of total revenue in the first quarter, and up from 16.5% in the …

marketwatch.com

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Amazon Stock Slides On Q2 Revenue Miss, Disappointing Sales …

3 weeks from now

Aug 1, 2024  · Advertising has emerged has Amazon's fastest-growing division and a key source of retail profits. Meanwhile, the revenue Amazon collects from third-party seller fees grew 12% …

investors.com

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Amazon Stock Drops After Q2 Revenue Misses Estimates, Q3

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Aug 1, 2024  · The Prime Video parent said revenue went up 10% in the quarter ended June 30, reaching $148 billion in the second quarter, falling short of analysts’ consensus of $158.56 …

deadline.com

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Amazon Results Beat Estimates, Revenue Forecast Misses - U.S. News

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Apr 30, 2024  · Amazon Web Services (AWS), the largest provider of cloud-computing services, posted a 17% rise in revenue to $25.0 billion in the first quarter, compared with expectations of …

usnews.com

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Why Amazon Stock Was Taking A Dive Today

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Aug 2, 2024  · E-commerce growth is slowing. For the third quarter, Amazon said it expected revenue of $154 billion-$158.5 billion, up 8%-11% from the quarter a year ago, but the …

usatoday.com

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Amazon Shares Plunge After Mixed Q3 Earnings Report

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Oct 27, 2022  · Amazon stock has fallen by 28% compared to a 13% drop for the S&P 500 in the past year. Amazon's next earnings report (for Q4 FY 2022) is expected to be released on Feb. …

investopedia.com

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Amazon Stock Falls As Least Profitable Holiday Quarter Since 2014 …

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Feb 3, 2023  · Amazon AMZN reported a holiday profit of $278 million, or 3 cents a share, down from $1.39 a share a year ago. Revenue increased to $149.2 billion from $137.41 billion a …

marketwatch.com

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Amazon Stock Tanks 20% After Revenue And Guidance Miss …

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Amazon clocked losses the last two quarters, and still turned a profit. In Q3, Amazon's operating income came in at $2.5 billion, compared with $4.9 billion in the same quarter last year.

yahoo.com

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Amazon Earnings: Is The Stock A Buy Before Or After Reporting?

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Oct 22, 2024  · Amazon had a revenue miss in the most recent second quarter, following revenue beats in the previous three quarters. A beat by $3.7 billion in the fourth quarter of 2023 marked …

forbes.com

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Amazon Stock Drops As Earnings Miss, Revenue Beats | Investor's ...

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Apr 30, 2020  · Amazon stock dropped 5% to 2,345.75, during after-hours trading on the stock market today. For the current quarter, Amazon expects revenue in the range of $75 billion to …

investors.com

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Why Amazon Stock Dropped After Earnings | The Motley Fool

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Apr 28, 2023  · Amazon (AMZN-1.02%) reported first-quarter results Thursday night and the stock is now dropping in response. After dipping by as much as 5% in morning trading, Amazon …

fool.com

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Amazon Couldn’t Afford To Disappoint. Investors Are Punishing

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A sales miss and disappointing guidance were driving Amazon’s share price drop. Analysts were expecting sales for the quarter ending in June to hit $148.7 billion, but they only came in at …

msn.com

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UPS To Cut Its Amazon Business By More Than 50%. Here's Why.

3 weeks from now

6 days ago  · Meanwhile, Amazon's stock fell 1%, and shares of UPS rival FedEx Corp. (FDX) declined 2.1%. UPS said it reached an agreement in principle with Amazon to lower its volume …

morningstar.com

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Amazon Has Seen Six Quarters In A Row Of Profit Beats

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The company has topped profit expectations by a wide margin, with the EPS beats ranging in magnitude from 16% to 84% over that stretch. Amazon's revenue missed expectations in the …

marketwatch.com

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UPS To Cut Its Amazon Business By More Than 50%. Here’s Why.

3 weeks from now

Jan 30, 2025  · Shares of United Parcel Service Inc. suffered their worst day ever on Thursday, after the package-delivery giant announced an agreement that would cut its business with …

marketwatch.com

FAQs about Amazon's stock drops after profit beats but revenue misses Coupon?

Did Amazon Miss revenue estimates?

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. ...

Why did Amazon (AMZN) stock drop 20% in after-hours trading?

Amazon ( AMZN) shares tanked nearly 20% in after-hours trading on Thursday after it reported misses on revenue and sales for its Amazon Web Services cloud business, along with disappointing fourth-quarter guidance. Here's what came down from the e-commerce giant after the bell: Revenue: $127.1 billion actual versus $127.63 billion expected ...

Why did Amazon's stock drop 5%?

Amazon’s stock dropped as much as 5% after the company issued its second-quarter earnings Thursday, revealing net sales did not meet analyst expectations alongside a conservative revenue forecast. Amazon's stock closed down more than 1% Thursday. (Photo by SEBASTIEN BOZON / AFP) (Photo by ... [+] ...

Why did Amazon stock fall 7%?

Amazon narrowly missed Wall Street estimates for total revenue in the second quarter, with that top-line softness combining with weak third-quarter guidance to send shares lower in after-hours trading. The company’s stock joined a broader retreat by large-cap tech shares, falling almost 7% to around $172. ...

How much did Amazon stock rise in after-hours trading?

Amazon shares rose as much as 6% in after-hours trading, after closing down 3.3% in the regular session. The company expects revenue of $144.0 billion to $149.0 billion for the current quarter ending June, compared with analyst consensus expectations of $150.07 billion, according to LSEG data. ...

Did Amazon's share price jump before first-quarter earnings report?

Amazon's share price jumped prior to the first-quarter earnings report, but it's giving back some of those gains Friday. Revenue from Amazon Web Services didn't grow sequentially from the fourth quarter. The company still reported $3.2 billion in net income. ...

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