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Amazon share falls after quarterly numbers
In the past quarter, Amazon was able to significantly increase sales and profits. However, the Wall Street reacts with loss of price. There could be several reasons for this.
Amazon exceeded the expectations of Wall Street in the past quarter. The sales of the world’s largest online retailer rose by 13 percent to $ 167.7 billion (146.7 billion euros) in the year. The profit jumped up by more than a third to $ 18.2 billion.
Nevertheless, the Amazon share in post-market trading temporarily lost more than four percent. One reason may have been Amazon’s forecast for the current quarter: the group made a range for the current quarter of the operational result, which is clearly below the expectations of the analysts at the lower end. They had expected an average of $ 19.4 billion. Amazon runs out of $ 15.5 to 20.5 billion.
The growth of the Cloud division AWS in the past quarter with 17.5 percent was just on average on the average of market expectations. AWS benefits strongly from the AI boom.
dpa
Source: Stern
