Amazon stock sinks after AWS growth warning erases post-earnings rally

📆 28.04.2023 17:52:00
📰 BusinessInsider

⏱ Reading Time:
25 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 51%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Amazon stock sinks after its warning on AWS growth erases a post-earnings rally

's stock price fell in Friday's premarket after a gloomy forecast about future growth in its cloud division wiped out an earlier post-earnings rally.

But shares slumped during a post-earnings conference call where executives warned of a likely slowdown in revenue growth at Amazon Web Services. "As expected, customers continue to evaluate ways to optimize their cloud spending in response to these tough economic conditions in the first quarter," CFO Brian Olsavsky told analysts.

Both Olsavsky and CEO Andy Jassy said their long-term growth outlook for AWS remains strong – but that failed to reassure investors.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

Schreibe Kommentar

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Amazon earnings: What to expect with AWS, e-commerce growth in focusConsumer spending restraint and a slowdown in cloud computing growth will be in focus Thursday afternoon when Amazon.com Inc. posts quarterly results.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »