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.
For the fourth quarter that involves the key holiday season, Amazon has given its sales forecast to be between $160 billion and $167 billion.
Including beating revenue expectations, Amazon revealed in its Q2 2023 report that it set a new record for Prime deliveries.
Amazon is reducing costs and headcounts, considering the “uncertainty that exists in the near future” and the unstable economy.
The Amazon Project Kuiper aims to offer high-speed internet to every part of the world.
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.
According to Amazon, Home, Fashion, Toys, Beauty, and Amazon Devices were the top-selling categories during the record Thanksgiving shopping weekend.
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.
E-commerce giant Amazon becomes the first publicly-traded company to lose $1 trillion in stock value amid economic recession.
Amazon CFO Brian Olsavsky hinted at the possibility of resuming hiring after letting go of thousands of employees in Q2 2022.
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.