(VIANEWS) – The slowdown is anticipated to continue, as the online retailer forecasts a 10-16 percent increase in third-quarter sales to US$106-112 billion, with operating income falling to US$2.5-6 billion from US$6.2 billion last year, including US$1 billion in COVID-19-related expenses.
During the epidemic, the company experienced a surge in sales as customers purchased more online while confined at home during lockdowns.
The rising trend is currently decreasing as governments relax regulations and consumers spend more time outside.
Wall Street forecasted US$115bn in sales, but growth was slower than the 44% increase seen during the first quarter.
NASDAQ Composite opens in less than two hours and Amazon‘s pre-market value is already 6.54% down.
The last session, NASDAQ Composite ended with Amazon (AMZN) falling 0.84% to $3,599.92. NASDAQ Composite jumped 0.11% to $14,778.26, after two consecutive sessions in a row of gains, on what was a somewhat positive trend trading session.
Today’s last reported volume for Amazon is 5519952, 57.4% above its average volume of 3506927.
Amazon’s last close was $3,599.92, 4.59% under its 52-week high of $3,773.08.
Year-on-year quarterly revenue growth grew by 43.8%, now sitting on 419.13B for the twelve trailing months.
Amazon’s last day, last week, and last month’s current volatility was 0.84%, 0.93%, and 1.01%, respectively.
Amazon’s current volatility rank, which measures how volatile a financial asset is (variation between the lowest and highest value in a period), was 1.61% (day), 1.86% (last week), and 1.97% (last month), respectively.
News about Amazon (AMZN) today
Amazon (amzn stock) drops 7.5% after earnings report. According to today’s article on FXStreet, “Head of Market Analysis Anthony Cheung gives an update across asset classes ahead of the European open and takes a deep dive into the reasons why Amazon shares fell over 7% last night following the release of their latest corporateearnings.”
Previous days news about Amazon
Amazon CEO andy jassy on the natural ‘tension’ in the company’s new leadership principles. According to GeekWire on Thursday, 29 July, “In addition, he mentioned “Three-Ring Circus: Kobe, Shaq, Phil, and the Crazy Years of the Lakers Dynasty,” by Jeff Pearlman; and “Broken Horses” by singer-songwriter Brandi Carlile, whom he has interviewed at an Amazon event.”, “Newly minted Amazon CEO Andy Jassy didn’t subject himself to an intensive round of press interviews upon taking over from founder Jeff Bezos earlier this month, but he did offer some insights into his approach and background in a video interview recorded internally.”
Bitcoin steadies after foray past $40,000 on Amazon speculation. According to Bloomberg Quint on Tuesday, 27 July, “On Monday, prices soared on the back of a Amazon executive job posting linked to crypto. ”
Will earnings encourage Amazon (amzn stock) investors to go for new highs?. According to FXStreet on Thursday, 29 July, “Overall, Amazon continues to trade above the upside support line drawn from the low of March 5th, and thus, we would consider the medium-term outlook to still be somewhat positive.”
‘don’t be shy’: karnataka high court tells Amazon, flipkart. According to Bloomberg Quint on Thursday, 29 July, “E-commerce platforms Amazon and Flipkart have taken their legal fight against the Competition Commission of India to the Supreme Court. ”
More news about Amazon (AMZN).