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Amazon forecast disappointed investors
In the Christmas quarter, Amazon was almost able to double the profit. But the sales forecast for the current quarter alerts the stock exchange. Amazon refers to the strong dollar.
Amazon disappointed the stock exchange with its forecast for the current quarter. The stock fell by more than three percent at times in the post-exchangeable US trade. In the Christmas quarter, on the other hand, the world’s largest online retailer with his key data exceeded the expectations of the analysts.
Sales increased by ten percent to $ 187.8 billion in the past quarter of the year. The profit was almost doubled at $ 20 billion. The revenue of the Cloud division AWS, which benefits from the AI boom, rose by 19 percent to 28.8 and was therefore in the context of expectations.
For the current quarter, Amazon predicted sales between $ 151 and $ 155.5 billion. Analysts had assumed an average of a forecast of over $ 158 billion. Amazon pointed out that the strengthened dollar will make the revenues from international business appear lower.
dpa
Source: Stern
