Amazon reported solid financial results in the third quarter, beating estimates on the top and bottom lines. Revenue increased 11% to $159 billion due to particularly strong sales growth in advertising and cloud services. Meanwhile, its operating margin expanded more than 3 percentage points...
Amazon on Tuesday said it expects second-quarter operating income of between $10 billion and $14 billion, which would be better than its figures in the second quarter of 2023. But Jefferies analysts said that estimate could imply slower trends up ahead for the tech giant. ...
David Streitfeld
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Uphold supports the trading of stocks except that it is available in select US states. It allows buying and selling equities using bank accounts, credit cards, debit cards, crypto, precious metals, Google Pay, and Apple Pay. The platform lists about 50 U.S. stocks, including Amazon, Apple,...
Amazon stock jumped in extended trading Thursday after the company reported better-than-expected third-quarter results driven by growth in its cloud and advertising businesses.
"Tuesday marks the beginning of next week's retail gauntlet — boy, it doesn't end, does it? — and it starts with the least Amazon-able of all the major retailers. It starts with the despot,Home Depot," Cramer said. Because the retailer deals in home improvement products and tools, ...
The company reportedbetter-than-expected quarterly resultslast week. Investors were particularly impressed with the Amazon Web Services (AWS) business, which grewrevenueat its fastest pace in seven quarters and continues to invest significantly inartificial intelligence (AI)amid surging demand. ...
Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading.
3Q24, Amazon had a top line of $158.9 billion, up 11% year-over-year and $1.6 billion better than had been estimated. The company’s EPS of $1.43 beat the forecast by 29 cents per share, or more than 25%. Revenues from AWS grew at 19% year-over-year, and reached $27.5 billion...