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Amazon stock knocked as AI spending weighs on profits growth
Heavy AI spending weighed on profit expectations. Amazon projected that operating income in the third quarter would be $15.5bn-$20.5bn, which fell short of analyst expectations of $19.4bn. It forecast revenue to be between $174bn-$179.5bn, only slightly above analysts’ expectations of $173bn.
"Coaches are hard to find. But when you do find it, it levels your business up," says top Amazon seller Lisa Harrington.
Amazon is entering a new phase of margin expansion, driven by core retail rather than just AWS and advertising. Click here to ...
The e-commerce giant’s quarterly sales results met Wall Street’s expectations.
Amazon reported a 35 percent jump in quarterly profits Thursday as the e-commerce giant said major investments in artificial ...
Amazon saw an increase in profit this quarter. The company reported a 13% increase in net sales to $167.7 billion in Q2, up ...
Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important ...
Amazon's earnings show strong revenue and key growth in AWS and ads, despite cautious guidance. Click here to read an ...
Amazon Web Services is aiming to leverage its clout in the cloud for an AI advantage. (GeekWire File Photo) An increase in ...
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