Amazon, company earnings
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For the quarter, Amazon is expected to report earnings per share (EPS) of $1.96 on revenue of $211.5 billion, up from $1.86 and $187.8 billion in the same period last year. That represents a 5% jump in EPS and a roughly 13% increase in revenue.
Is the stock's recent sell-off a buying opportunity? Maybe.
Amazon stock has been a laggard among its Magnificent Seven peers, but Wall Street is bullish that the latest results will show AI-driven strength.
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As Amazon announces its results today, all eyes will be on AWS business and the reason is Microsoft
Amazon's quarterly results are under scrutiny today, with all eyes on its AWS cloud business. Following Microsoft's Azure growth concerns, investors seek catalysts for Amazon's underperforming stock.
NEW YORK (AP) — Amazon posted higher fiscal third quarter profit and sales compared with a year ago, fueled by accelerating growth in its cloud computing business and strong spending by its customers looking for low prices at a time when inflation is ...
NEW YORK (AP) — Amazon posted higher fiscal third quarter profit and sales compared with a year ago, as the online giant kept attracting shoppers looking for good prices while inflation resurges. The results, announced Thursday, beat Wall Street ...
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Amazon, OpenAI in talks to customize AI models to power e-commerce giant's products such as Alexa: report
Amazon is also in talks to invest up to $50 billion in OpenAI, according to a Reuters report citing people familiar with the matter. ・Amazon CEO Andy Jassy is said to be leading the talks with OpenAI CEO Sam Altman.
Live Updates Amazon Shares Down 14% After Earnings - Is the Market Overreacting? 3 hours ago Microsoft saw its worst day since the Covid crisis just days ago, and now Amazon is seeing a similar reaction.
Amazon (AMZN) has reportedly entered into discussions with OpenAI (AMZN) for the development of customized artificial intelligence models that could be used in Amazon's AI products, according to The Information.
Amazon is preparing for another round of corporate job cuts next week, according to a report from Reuters on Thursday. Bloomberg also reported that layoffs could begin next week. We reached out to Amazon for comment. Amazon laid off about 14,000 workers ...