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Amazon's stock climbed as much as 6% in volatile after-hours trading shortly after the results. Despite a sharp 3.3% drop during regular trading on Thursday, the stock is still up 23% so far in 2024.
Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. Amazon had reported a loss during the same period last ...
The firm maintained a buy rating on the stock and a one-year price target of $225 per share, which would represent upside of roughly 21% based on Amazon's closing price of $186.41 per share today.
The first book sold on Amazon.com was Douglas Hofstadter's Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought. [18] In the first two months of business, Amazon sold to all 50 states and over 45 countries. Within two months, Amazon's sales were up to $20,000 per week. [19]
The stock surged nearly 10% in after-hours trading. Amazon’s stock has risen 52% year to date, one of a handful of tech stocks that has helped power the market higher this year.
Over the last decades, big tech has been one of America's greatest wealth-creation engines. With shares up by over 240,000% since hitting public markets in 1997, Amazon (NASDAQ: AMZN) is a ...
Both companies beat analyst estimates, with Amazon stock surging about 6%. Apple stock fell after earnings, however, as weakness in its China business weighed on sentiment, dropping more than 1% ...
The beat was driven by a 16% jump in Amazon Web Services (AWS) revenue, which Amazon said is on course to generate $100 billion annually. The company reported adjusted earnings per share of $0.98 ...