Amazon earnings were a letdown, but Wall Street analysts are still telling clients to buy

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Wall Street analysts urge clients to buy Amazon on any weakness despite the company's disappointing second-quarter earnings report.

Shares of the company nevertheless fell 1% to $1,945 in premarket trading., that was below what analysts were expecting. The company is also making expensive investments in shipping for its Prime members and is seeing increased international competition and regulatory challenges.

"Still, we believe investors will prefer the trade-off of profits for growth & we like how AMZN continues to raise the bar in online retail."

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شكرًا لك على تعليقك. سيتم نشر تعليقك بعد مراجعته.

Analysts are a joke. Their estimates are just educated guesses. How can they possibly know all the facets of how Amazon spends its profits. The miss of 20 cents is just margin of error in the analysts estimate. So silly

Bullish or Bullsh!t?

If they actually did the numbers right when Amazon Amazon doesn’t make that much money it is losing money but they’re faking their numbers to make it look good

Bag holders

It should be neutral to sell. They forecast down. Same with Ba.

One word,'Commission'!

That's because they all own it.

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مصدر: BusinessInsider - 🏆 729. / 51 اقرأ أكثر »