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August 2, 2024 at 4:04 PM. Amazon's ( AMZN) stock fell more than 8% Friday after the retail and cloud giant offered a current quarter forecast on Thursday that fell short of expectations on both ...
The business — which Amazon CEO Andy Jassy hired Selipsky to run in 2021 — saw operating profits nearly double to $9.4 billion. The division represented about 62% of Amazon's Q1 operating profits.
Net sales rose 13% from the same period last year to $143.3 billion, Amazon reported late Tuesday, topping analyst expectations of $142.6 billion, per Bloomberg data. The beat was driven by a 16% ...
Amazon previously announced 27,000 corporate layoffs, which began in 2022 and continued into 2023, marking the largest corporate layoff in the tech giant’s history.
Finance. Yahoo! Yahoo! Finance is a media property that is part of the Yahoo! network. It provides financial news, data and commentary including stock quotes, press releases, financial reports, and original content. It also offers some online tools for personal finance management. In addition to posting paid partner content from other web sites ...
January 11, 2024 at 12:29 PM. The COVID-era spending spree is over. And the tech layoffs keep coming. Amazon ( AMZN) is eliminating several hundred roles across Prime Video and MGM Studios ...
For the third quarter, Amazon said it expected revenue of $154 billion-$158.5 billion, up 8%-11% from the quarter a year ago, but the midpoint was below the consensus at $158.2 billion.
Amazon reported fourth quarter earnings that beat analysts' expectations Thursday and delivered an optimistic outlook for the months ahead. The stock climbed more than 6% in early trading on Friday.