Amazon’s rout spotlights gloomy forecast for e-commerce stocks
2 years, 10 months ago

Amazon’s rout spotlights gloomy forecast for e-commerce stocks

Al Jazeera  

Etsy, Wayfair and Shopify are hurtling toward earnings reports this week in the shadow of Amazon’s deep selloff. The historic rout in Amazon.com Inc.’s shares last week highlights how difficult the environment has become for e-commerce stocks after their pandemic-driven boom, with investors set for another roller coaster in coming days. Etsy Inc., Wayfair Inc. and Shopify Inc. are hurtling toward earnings reports this week in the shadow of Amazon’s worst selloff since 2006. Wayfair’s revenue was projected to fall about 15% this quarter, while the 26% growth expected at Shopify would be its lowest since at least 2014, according to data compiled by Bloomberg.

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History of this topic

Amazon shares tank 4% on weakness in cloud computing unit after Q1 forecasts miss Wall Street estimates
Trending News
1 month, 3 weeks ago

Amazon shares tank 4% on weakness in cloud computing unit after Q1 forecasts miss Wall Street estimates

Live Mint  

Amazon, one of Wall Street’s most influential companies, topped analysts’ expectations for earnings at the end of 2024, but its stock nevertheless fell 4%. Amazon.com dipped 3.7% due to weakness in the retailer's cloud computing unit, Amazon Web Services, and lower-than-expected forecasts for first-quarter revenue and profit. Amazon.com eliminated a reference to "inclusion and diversity" in its annual report filed …

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
1 month, 3 weeks ago

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter

The Hindu  

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “I …

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter
1 month, 3 weeks ago

Amazon reports strong earnings for Q4, but stocks dip due to outlook for the first quarter

Associated Press  

Amazon on Thursday reported better-than-expected revenue and profits for the holiday shopping period, but its stocks dipped in after-hours trading due to disappointing guidance for the current quarter. During a call with analysts on Thursday, Amazon CEO Andy Jassy said capital expenditures for the quarter came out to $26.3 billion, most of which was geared towards AI and AWS. “I …

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
4 months, 4 weeks ago

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Amazon Q1 Earnings Beat Estimates Despite Layoffs, Shares See 11 Per Cent Gain
1 year, 11 months ago

Amazon Q1 Earnings Beat Estimates Despite Layoffs, Shares See 11 Per Cent Gain

ABP News  

Amazon's shares experienced an increase of more than 11 per cent following the announcement of first-quarter earnings that exceeded industry estimates. Amazon's AWS cloud unit, which has maintained its lead in the market for over 15 years, experienced a slower growth of 16 per cent during the first quarter compared to the 37 per cent reported in the previous year. …

EBay to layoff about 500 staff amid declining sales: CEO
2 years, 1 month ago

EBay to layoff about 500 staff amid declining sales: CEO

Hindustan Times  

EBay Inc. is cutting about 500 employees — or 4% of its workforce — as the e-commerce company continues to face slower consumer spending after a brief pandemic boom. Analysts, on average, expect the San Jose, California-based company will report that revenue fell about 6% to $2.46 billion when it announces holiday-quarter results on Feb. 22. The reductions are in …

Amazon warns costs may eviscerate profits, shares crash
2 years, 5 months ago

Amazon warns costs may eviscerate profits, shares crash

Al Jazeera  

Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits. Amazon.com Inc has warned that costs might eviscerate its profit for the current quarter, as early holiday marketing does little to boost sales growth while labour and delivery expenses continue to swell. Amazon’s net sales were $127.1bn in the third quarter that …

Amazon, Chevron rise; Roku, Intel fall
2 years, 7 months ago

Amazon, Chevron rise; Roku, Intel fall

Associated Press  

Stocks that traded heavily or had substantial price changes Friday: Chevron Corp., up $13.39 to $163.78. The streaming service platform missed Wall Street’s second-quarter sales and profit targets and lowered its third-quarter forecast. The e-commerce giant reported its second-consecutive quarterly loss, but its revenue topped Wall Street’s expectations. The call center software maker reported second-quarter financial results that beat Wall …

Amazon to sublease warehouses as online shopping slows
2 years, 10 months ago

Amazon to sublease warehouses as online shopping slows

Associated Press  

Amazon is planning to sublease some of its warehouse space now that the pandemic-fueled surge in online shopping, which helped the e-commerce giant rake in soaring profits in the past two years, has eased. Subleasing allows the company to “relieve the financial obligations associated with an existing building that no longer meets” its needs, Amazon spokesperson Alisa Carroll said. But …

Amazon results and outlook fall short as fuel costs soar
2 years, 11 months ago

Amazon results and outlook fall short as fuel costs soar

Al Jazeera  

Tech giant is facing a litany of challenges after long-running surge in sales during the COVID-19 pandemic. “This was a tough quarter for Amazon with trends across every key area of the business heading in the wrong direction and a weak outlook for Q2,” said Insider Intelligence principal analyst Andrew Lipsman. Still, there were bright spots, like Amazon Web Services, …

Amazon poised for biggest ever market value gain after Facebook’s record loss
3 years, 1 month ago

Amazon poised for biggest ever market value gain after Facebook’s record loss

Live Mint  

Amazon.com Inc. is giving the market back what Meta Platforms Inc. just took away -- or at least some of it. The e-commerce giant is poised to add nearly $200 billion in market value if the stock’s 14% gain in after-hours trading following the company’s fourth-quarter earnings report holds to Friday’s close. That what would be the biggest single-day gain …

Facebook, Google, Amazon: Tech giants report higher profits despite economic downturn
4 years, 4 months ago

Facebook, Google, Amazon: Tech giants report higher profits despite economic downturn

The Independent  

The latest headlines from our reporters across the US sent straight to your inbox each weekday Your briefing on the latest headlines from across the US Your briefing on the latest headlines from across the US SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Five technology giants are …

Add to cart: Amazon.com reports record profits amid pandemic
4 years, 5 months ago

Add to cart: Amazon.com reports record profits amid pandemic

Al Jazeera  

The online retailer has seen its business boom as the coronavirus pandemic once again drives shoppers indoors. Amazon.com Inc on Thursday reported record profits for the second quarter in a row and forecast a jump in holiday sales, as consumers continued to shop more online during the novel coronavirus pandemic. Jeff Bezos, Amazon’s chief executive and richest person in the …

Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures
4 years, 7 months ago

Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures

CNN  

New York CNN Business — Amazon’s revenue during the three months ended in June blew away Wall Street projections, as the company continued to experience a surge in demand due to the coronavirus pandemic. “This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Amazon CEO Jeff Bezos …

E-commerce giants spar over market leadership
5 years, 5 months ago

E-commerce giants spar over market leadership

Deccan Chronicle  

Chennai: After the mega six-day festive season sales, claims about market share have heated up in the e-commerce space. The six-day event saw e-commerce garnering $3 billion, or Rs 19,000 crore, gross merchandise value, with a year-on-year growth of 30 per cent, according to Bengaluru-based RedSeer Consulting, which tracks the segment. In an estimate that is strongly contested by Amazon, …

Walmart puts Amazon on notice amid Flipkart bad news
6 years, 4 months ago

Walmart puts Amazon on notice amid Flipkart bad news

Live Mint  

Walmart Inc. sailed into the US holiday season with stronger-than-expected sales and a boosted full-year outlook, signalling that the world’s largest retailer can more than hold its own against rival Amazon.com Inc. in the critical holiday weeks ahead. Comparable sales for Walmart stores in the US—the best barometer of the company’s performance—rose 3.4% in the third quarter, beating analysts’ estimates. …

Amazon revenue forecast falls short of estimates, shares tumble
6 years, 5 months ago

Amazon revenue forecast falls short of estimates, shares tumble

Live Mint  

Seattle: Amazon.com Inc. issued a disappointing revenue and profit forecast for the busy holiday quarter, suggesting sales growth is slowing for the e-commerce giant while higher pay for warehouse workers could hurt the bottom line. While Amazon’s sales forecast missed estimates, U.S. shoppers are projected to increase their online spending by as much as 22 percent this holiday season, according …

Amazon warns of a a weak holiday season
6 years, 5 months ago

Amazon warns of a a weak holiday season

CNN  

New York CNN Business — For years, investors waited eagerly for Amazon to turn a profit consistently. Still, Amazon turned a $2.9 billion profit for the three months ending in September, marking its largest profit to date and the fourth consecutive quarter in which profits topped $1 billion. “Amazon continued to demonstrate that its various investments are resonating with its …

Amazon's quarterly profit misses estimates, shares tumble
8 years, 5 months ago

Amazon's quarterly profit misses estimates, shares tumble

Daily Mail  

Amazon.com reported a lower-than-expected quarterly profit on Thursday as expenses rose and the company provided a disappointing fourth-quarter revenue forecast. RECORD PRIME DAY SALES The world's biggest online retailer said its net sales rose to $32.71 billion in third quarter ended Sept. 30 from $25.36 billion a year earlier. Total operating expenses rose 31.5 percent to $10.94 billion as the …

Massive surge in online shopping as e-tailers begin their annual festive season sale
8 years, 5 months ago

Massive surge in online shopping as e-tailers begin their annual festive season sale

India TV News  

With this festive season’s much awaited annual online sale heading into full gear, e-commerce giants like Amazon, Flipkart and Snapdeal have witnessed a massive number of consumers flocking to their platforms. Amazon disclosed that traffic on their platform from tier II and tier III towns increased as many as 17 times compared with last year, showing how discounting has helped …

Amazon shares plunge as record profit still misses estimates
9 years, 2 months ago

Amazon shares plunge as record profit still misses estimates

Firstpost  

Amazon.com Inc posted its most profitable quarter ever but the world’s No. 1 online retailer still managed to disappoint Wall Street by badly missing estimates, sending its shares down more than 13 percent in after-hours trading. “By comparative retail standards, Amazon’s level of profitability is still painfully weak,” said Neil Saunders, head of retail analyst firm Conlumino, who is still …

Amazon’s birthday present: Surprise 2Q profit
9 years, 8 months ago

Amazon’s birthday present: Surprise 2Q profit

Associated Press  

NEW YORK — Investors helped Amazon celebrate its 20th birthday, pushing the online retailer’s stock up 17 percent in aftermarket trading Thursday after it reported a surprise second-quarter profit. If the jump holds in Friday trading, Amazon’s stock-market value could surpass that of its longtime retail rival Wal-Mart Stores Inc., signaling a sea change in the U.S. retail landscape. In …

Amazon posted larger-than-expected loss in the second quarter, shares drop
10 years, 8 months ago

Amazon posted larger-than-expected loss in the second quarter, shares drop

Firstpost  

Amazon.com posted a much larger-than-expected loss in the second quarter as it continues its rapid pace of investment in new businesses such as digital content and consumer electronics. Chief Financial Officer Tom Szkutak said Amazon had a “tremendous amount of opportunities” and its investments were “certainly impacting short-term results.” The company is spending more than $100 million on original video …

Amazon hits new high on optimism about its US business
11 years, 8 months ago

Amazon hits new high on optimism about its US business

Firstpost  

Amazon.com shares hit a record on Friday after quarterly results increased optimism about the Internet retailer’s U.S. business. Amazon said North American sales jumped 30 percent to $9.5 billion in the second quarter while operating profit in the region was $409 million, up from $344 million a year earlier. Amazon does not disclose AWS profits, but Wall Street reckons the …

Facebook's inaugural results underwhelm, Amazon's outlook weak – Firstpost
12 years, 8 months ago

Facebook's inaugural results underwhelm, Amazon's outlook weak – Firstpost

Firstpost  

Facebook Inc’s first set of quarterly numbers failed to impress investors hoping for signs that the world’s … Facebook Inc’s first set of quarterly numbers failed to impress investors hoping for signs that the world’s No. “Growth is clearly slowing on both the user and revenue basis, and without guidance to make people believe it’s growing, you have a large …

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