{ }
Symbol AMZN
Name Amazon.com, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Retailing
Industry Internet & Direct Marketing Retail
Market NASDAQ Global Select
Country United States
State WA
City Seattle
Zipcode 98109-5210
Website http://www.amazon.com
Nasdaq 100 futures rose 0.3% as investors analyzed tech earnings ahead of key jobs data. Amazon and Intel saw significant gains after exceeding earnings expectations, while the Dow dropped over 300 points due to declines in major tech stocks. Economists anticipate a modest increase in nonfarm payrolls for October, with the unemployment rate expected to remain at 4.1%.
Amazon Web Services (AWS) reported a 19% revenue increase in Q3, totaling $27.45 billion, slightly below analyst expectations. The unit achieved an operating income of $10.45 billion, accounting for 60% of Amazon's overall profit, with a record operating margin of 38%. AWS continues to lead the cloud market, outpacing competitors like Google Cloud and Microsoft Azure.
Amazon.com Inc. has forecasted a strong holiday shopping season, projecting operating income between $16 billion and $20 billion for the December quarter, surpassing analysts' expectations. Fourth-quarter sales are anticipated to reach up to $188.5 billion, exceeding the average estimate of $186.4 billion.
Amazon's advertising business generated $14.3 billion in the third quarter, marking a 19% year-over-year increase, aligning with analysts' expectations. While still a smaller segment of Amazon's overall $158.9 billion sales, it positions the company as a significant competitor in the digital advertising market, where it holds an 8.8% share. In comparison, Meta's ad revenue reached $39.9 billion, also up 19%, while Alphabet reported $65.85 billion, a 10% increase from the previous year.
Microsoft's stock fell over 5%, marking its worst day in two years, despite a strong earnings report. The company forecasted revenue between $68.1 billion and $69.1 billion for the current period, below analyst expectations, while its cloud business, Azure, saw a 33% revenue increase. CEO Satya Nadella noted supply chain issues affecting data center infrastructure and anticipated a $1.5 billion income hit from AI investments.
Amazon is set to report its Q3 earnings, with analysts expecting earnings of $1.14 per share and revenue of $157.2 billion. Despite a projected 10% revenue growth, the company faces challenges due to external distractions affecting consumer attention. CEO Andy Jassy's cost-cutting measures have led to significant earnings growth, with operating income expected to rise over 31% year-over-year. Investors are also keen to hear updates on the ambitious Project Kuiper satellite internet initiative.
Progressives are rallying around Federal Trade Commission Chair Lina Khan as Vice President Kamala Harris faces pressure to either retain or replace her if she wins the presidency. Khan's aggressive regulatory stance has garnered broad support among Democrats, but some business-minded figures, including Mark Cuban, are calling for her ouster, raising concerns about the party's future direction. The decision on Khan will signal Harris's commitment to progressive values versus catering to corporate interests, with potential implications for her administration's tone and policies.
The European startup M&A market has contracted significantly, with only five billion-dollar deals in 2023, none involving venture capital-backed companies. The absence of major tech giants limits high-profile exits, leading to lower valuations and a fragmented ecosystem compared to the U.S., where large companies drive innovation and acquisitions. This disparity highlights the challenges faced by European startups in achieving growth and attracting investment.
Apple Inc. and Amazon.com Inc. are set to report earnings, which will be pivotal in determining the overall success of this Big Tech earnings season. Their results follow disappointing reports from Microsoft Corp. and Meta Platforms Inc., which negatively impacted their stock prices and the broader market. In contrast, Alphabet Inc. and Tesla Inc. delivered better-than-expected results earlier in the week.
The Healthcare Additive Manufacturing market is rapidly evolving, projected to grow from USD 2.6 billion in 2023 to USD 9.99 billion by 2031, with a CAGR of 20.22%. Key trends include a focus on sustainability, digital transformation, and health and wellness, while barriers to entry include strong brand loyalty, high capital requirements, and regulatory hurdles. Prominent players include 3D Systems, Stratasys, and GE Additive, driving innovation and market expansion.

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