Amazon made a boatload of money during the first quarter of 2022. But investors, having grown used to Amazon’s rocket-like trajectory during the pandemic, haven’t quite adapted to the fact that it’s no longer accelerating quite so fast.
Despite notching $116.4 billion in sales from January through March of this year — up nearly 8 billion year over year — Amazon’s stock took a dive in after-hours trading, falling by about 10 percent before stabilizing a bit higher.
The problem wasn’t that Amazon had underperformed in Q1, but that Amazon projected a slower Q2 than analysts had hoped for. Analysts wanted to see Amazon projecting $125.5 billion in sales, according to CNBC, but instead, the company only expects sales to come in from $116...
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Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.