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amazon shares rise 6 percent after strong earnings report and growth

Amazon shares surged 6% after reporting better-than-expected earnings, driven by growth in cloud computing and advertising. Revenue rose 11% to $158.9 billion, with earnings of $1.43 surpassing estimates. The company plans to invest $75 billion in capital expenditures for 2024, primarily to enhance technology infrastructure and capitalize on generative AI opportunities.
CNBC
United States Dollar NVIDIA Corporation Amazon.com, Inc. Aqua Metals, Inc. Snap Inc. Google Inc. Microsoft Corporation USA Brian Olsavsky Andy Jassy Ari Levy Show more
Finance & Economy, Market Report
17:05 01.11.2024

amazon prepares to report q3 earnings amid cautious market outlook

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.
CNBC
United States Dollar Amazon.com, Inc. Aqua Metals, Inc. Apple Inc. United Launch Alliance LLC Microsoft Corporation FRA USA Jeff Bezos Andy Jassy Brian Olsavsky Jason Helfstein Brad Erickson Show more
Finance & Economy, Transcript
17:00 31.10.2024
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