OT: Stock and Investment Thread

Postman_1

Well-known member
Mar 12, 2017
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AMZN down 7%.

it just hasn’t been a good stock since the initial covid run.
They did well with earnings though

  • Earnings per share: $1.68 vs. $1.33 expected
  • Revenue: $167.7 billion vs. $162.09 billion expected
Wall Street is also looking at other key revenue numbers:

  • Amazon Web Services: $30.87 billion vs. $30.8 billion expected, according to StreetAccount
  • Advertising: $15.7 billion vs. $14.9 billion expected, according to StreetAccount
Amazon shares slid more than 7% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period.
For the current quarter, Amazon said it expects operating income to land between $15.5 billion and $20.5 billion. Analysts were looking for $19.48 billion, according to StreetAccount.

The light guidance caused the drop. Josh Brown was hyping them up yesterday I believe saying it should go back to ATH and beyond.
 
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T2Kplus20

Well-known member
May 1, 2007
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They did well with earnings though

  • Earnings per share: $1.68 vs. $1.33 expected
  • Revenue: $167.7 billion vs. $162.09 billion expected
Wall Street is also looking at other key revenue numbers:

  • Amazon Web Services: $30.87 billion vs. $30.8 billion expected, according to StreetAccount
  • Advertising: $15.7 billion vs. $14.9 billion expected, according to StreetAccount
Amazon shares slid more than 7% in extended trading on Thursday after the company reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period.
For the current quarter, Amazon said it expects operating income to land between $15.5 billion and $20.5 billion. Analysts were looking for $19.48 billion, according to StreetAccount.

The light guidance caused the drop. Josh Brown was hyping them up yesterday I believe saying it should go back to ATH and beyond.
+1
Just another market overreaction. AMZN is kicking butt with very good guidance.