Amazon's Q1 revenue missed estimates, resulting in a 4% stock drop despite AWS growth.
Amazon's Q1 earnings missed revenue estimates, reporting $147.98B instead of the projected $148.78B. Despite strong AWS results ($26.28B revenue, 19% growth, and $9.34B operating income), Amazon's stock dropped 4% due to the mixed results. Q3 guidance is set at $154-158.5B, a slower growth pace than December 2022.
August 01, 2024
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