Amazon Reports Better-than-Expected Q3 2023 Results, AMZN Stock Jumps 5%
For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion.
Amazon Beats Analyst Expectations for Revenue According to Q2 2023 Earnings Report
By
Tolu Ajiboye
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries.
Amazon Dismissing Additional 9,000 Employees, Extending Its Record Layoff
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
Amazon Plans to Launch First Project Kuiper Internet Satellites to Space by Mid-2024
The Amazon Project Kuiper aims to offer high-speed internet to every part of the world.
Amazon Beats 2022 Q4 Analysts Expectations on Revenue, AMZN Stock Volatility Spikes
Amazon anticipates net sales to come in between $121.0 billion and $126.0 billion, which will represent a growth of between 4% and 8% compared with the first quarter of 2022.
Amazon Sees Record-Breaking Thanksgiving Shopping Weekend in 2022
According to Amazon, Home, Fashion, Toys, Beauty, and Amazon Devices were the top-selling categories during the record Thanksgiving shopping weekend.
E-commerce Giant Amazon Set for Massive Layoff This Week
Amid a gloomy global economy and slowing sales, e-commerce giant Amazon has come to a cost-cutting mode with a plan to preserve cash.
Amazon Makes History as First Public Company to Lose $1 Trillion in Value
By
Tolu Ajiboye
E-commerce giant Amazon becomes the first publicly-traded company to lose $1 trillion in stock value amid economic recession.
AMZN Stock Surges 14% as Amazon Exceeds Expectations on Revenue in Q2 2022
Amazon CFO Brian Olsavsky hinted at the possibility of resuming hiring after letting go of thousands of employees in Q2 2022.
AMZN Stock Tanks 9%, Amazon Reports $3.8B Loss in Q1 2022, Cloud Business Up by 36.5%
Although Amazon showed a net operating loss during the first quarter, its cloud business showed strong growth providing some cushion to the company’s overall declining revenue.