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Started By
Message
Panic sell off today continues after hours. Amzn down 6% after hours
Posted on 8/1/24 at 3:49 pm
Posted on 8/1/24 at 3:49 pm
Amazon beat earnings on almost every point. They're growing amazingly YoY.
Adjusted earnings per share: $1.26 vs. $1.04 expected ($0.65 in Q2 2023)
Revenue: $148 billion vs $148.8 billion expected ($134.4 billion in Q2 2023)
Amazon Web Services: $26.3 billion vs. $26 billion expected ($22.1 billion in Q2 2023)
Adjusted earnings per share: $1.26 vs. $1.04 expected ($0.65 in Q2 2023)
Revenue: $148 billion vs $148.8 billion expected ($134.4 billion in Q2 2023)
Amazon Web Services: $26.3 billion vs. $26 billion expected ($22.1 billion in Q2 2023)
6
Posted on 8/1/24 at 3:59 pm to Jjdoc
Good time to buy.
Posted on 8/1/24 at 4:01 pm to Jjdoc
Panic?
Posted on 8/1/24 at 4:04 pm to Jjdoc
It was the guidance that hurt.
Posted on 8/1/24 at 4:11 pm to C
guidance dude blames the Olympics and assassination attempt on difficulty in forecasting 'cuz folks are getting distracted from pressing the "Add to Cart" and "buy now" buttons, evidently.
Posted on 8/1/24 at 4:18 pm to C
No, there is nothing wrong with the guidance they stated. It was within what was expected.
The earnings report included projections of third-quarter sales, which Amazon said would rise between 8% and 11% to $154 billion to $158.5 billion.
The average analyst estimate of $158.24 billion, according to LSEG.
The earnings report included projections of third-quarter sales, which Amazon said would rise between 8% and 11% to $154 billion to $158.5 billion.
The average analyst estimate of $158.24 billion, according to LSEG.
Posted on 8/1/24 at 4:19 pm to Jjdoc
Will buy tomorrow
Posted on 8/1/24 at 5:00 pm to Jjdoc
I may get to pull some triggers on buys after all!
This post was edited on 8/1/24 at 5:01 pm
Posted on 8/1/24 at 6:16 pm to Jjdoc
Loading the cart in the am. Thanks for the notice
Posted on 8/1/24 at 6:53 pm to Jjdoc
Will finish green tomorrow 
Posted on 8/1/24 at 7:38 pm to southernelite
I hope
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