Earnings Results: Amazon stock turns around as CFO admits AWS growth rates are declining further

Daily Trade

Amazon.com Inc. shares zoomed higher in extended trading Thursday after the company posted its biggest quarterly profit since 2021, but shares turned around after the company’s chief financial officer said in a conference call that cloud revenue is decelerating in the current quarter.

Amazon AMZN reported that first-quarter revenue grew to $127.4 billion from $116.44 billion in the same quarter last year. Profit reached $3.17 billion, or 31 cents a share, improving from a loss of 38 cents a share a year ago, which was Amazon’s…

Articles You May Like

35 TIP: How Currencies Work – FOREX Investing
Two Lazy Options Strategies that are Hands Off
New Top 5 Sectors | Stock Market Analysis | (RTN) (OSK) (HXL) (STP) (SWX)
443 TIP. Buffett’s Biggest Blunders w/ David Kass
Are Prop Firms A Good Idea For New Traders? #OptionsTrading