[ad_1] Amazon.com Inc. shares fell as much as 5% in extended trading on Thursday, February 6, despite the company reporting better-than-expected results for the fourth quarter. However, the company’s guidance disappointed the street. Company Value Change %Change Here’s how the numbers looked like: Revenue: $187.79 billion, higher than expectations of $187.3 billion Earnings […]
Amazon.com shares downgraded by Wells Fargo who says cloud strength ‘not enough’ – CNBC TV18
[ad_1] Amazon.com Inc. shares fell on Monday, following a rare analyst downgrade that cited concerns over margin trends into next year, which growth in the cloud computing business is unlikely to compensate for. Wells Fargo Securities cut the stock to equal weight from overweight, with analyst Ken Gawrelski becoming one of the few analysts tracked […]
Amazon says profits to take a ‘back seat’ for now due to AI spending; Stock falls 7% afterhours – CNBC TV18
[ad_1] Amazon.com Inc., risking Wall Street’s displeasure, told investors that profits for now will take a back seat to heavy spending on artificial intelligence. The shares fell after the company projected operating income for the current quarter will be $11.5 billion to $15 billion in the period ending in September. Analysts, on average, were looking […]