Amazon beat Q2 earnings estimates but fell 12% due to weak Q3 guidance and soft trends

From Investing.com: 2024-08-04 05:01:03

Amazon reported Q2 earnings that beat estimates, but stock fell 12% due to weak Q3 guidance and soft consumer trends. Revenue was $148.0 billion, up 10% YoY. AWS sales were $26.3 billion, up 19% YoY. Operating income doubled to $14.7 billion. Analysts lowered price targets but remain bullish on Amazon’s growth potential.



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