....weak....


Amazon shares plunge on weak sales forecast

Amazon shares plummeted in extended trading on Thursday after the company gave a revenue forecast that trailed analysts’ estimates.

.....Amazon shares plummeted as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.

Here’s how the company did:

Loss: Loss per share of $7.56
Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv
Here’s how other key Amazon segments did during the quarter:

Amazon Web Services: $ 18.44 billion vs. $18.27 billion expected, according to StreetAccount
Advertising: $7.88 billion vs. $8.17 billion expected, according to StreetAccount
Amazon recorded a $7.6 billion loss on its Rivian investment after shares in the electric vehicle company lost more than half their value in the quarter. That resulted in a total net loss of $3.8 billion.

Amazon said it expects second-quarter revenue of $116 billion to $121 billion. Analysts were projecting sales of $125.5 billion, according to Refinitiv.


weak.......in the knees......?!

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I reject your reality and substitute my own!

Closed up $140/share today...
"After Hours" trading doesn't mean squat until the next trading day opens...

We shall see what we shall see tomorrow.

Let's just say I ain't sellin'...

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Paul F.
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A sword never kills anybody; it is a tool in the killer's hand. - Lucius Annaeus Seneca c. 5 BC - 65 AD
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Good is the enemy of Excellent. Talent is not necessary for Excellence.
Persistence is necessary for Excellence. And Persistence is a Decision.
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Eureka, CA