Amazon stock

Amazon.com Inc. reported a loss of nearly $4 billion in the first quarter of 2022, as its investment in Rivian Automotive Inc. wiped away all of its profit.

For the second quarter, Amazon executives guided for between an operating loss of $1 billion to a profit of $3 billion on net revenue of $116 billion to $121 billion. When asked directly, an Amazon spokesperson said Thursday that the company was not currently considering layoffs in its fulfillment network, but Olsavsky noted efforts to get more bang for their bucks at their network of warehouses. We know how to do this and have done it before,” he said in the statement. In the last few weeks of the quarter ended to April we have seen productivity improvements across the network and we expect to reduce these costs headwinds in Q2,” Olsavsky said. Without that cost, Amazon still would have come in under analyst estimates — net income would have been roughly $4 billion, while analysts were expecting $4.47 billion, and operating income (which does not count the Rivian decline) was $3.67 billion, while analysts on average were projecting $5.32 billion, according to FactSet. Analysts on average expected earnings of $8.35 a share on sales of $116.45 billion, according to FactSet. It is the first quarterly net loss for Amazon in exactly seven years, since the same period in 2015. Higher fuel costs and inflation also added to Amazon’s woes in the first quarter. “Our guidance includes expectations that we will incur approximately $4 billion of these incremental costs in Q2.” “Today, as we’re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies throughout our fulfillment network. Amazon has doubled its workforce during the pandemic, growing from 798,000 employees at the end of 2019 to 1.62 million at the end of the first quarter, the company stated in its report. Jassy noted that Amazon will look to be more efficient after an operating loss of more than $2.8 billion in its e-commerce business during the quarter, but that the efforts are not expected to pay off right away.

U.S. stocks soared Thursday, with technology stocks leading the charge, as investors cheered a solid earnings report from Meta Platforms that showed ...

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Amazon reported a significant loss in the first three months of the year, sending the company's stock plunging.

"The cost of fuel is approximately one and a half times higher than it was even a year ago." But as workers returned when the variants subsided, "we quickly transitioned from being understaffed to being overstaffed," he added. Workers at a Staten Island, New York, warehouse voted to form the e-commerce giant's first-ever US labor union The company forecast that revenue growth would slow further next quarter, anticipating a growth rate of between 3% and 7%. "This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions." It was also a big miss from the $4.4 billion profit that analysts surveyed by Refinitiv had forecast.

Amazon shares were down more than 10% in after-hours trading Thursday after the Seattle tech giant revealed its first quarter earnings report and provided ...

The company said today it added $2 billion in incremental costs compared to the year-ago quarter due to inflationary pressures. During Q1, Amazon spent $19.5 billion on shipping, up 15%. Olsavsky said the company now has “excess capacity” in its facilities and transportation network after building those out during the pandemic. In September the company said it was raising average hourly U.S. wages to $18 an hour for warehouse workers. Looking ahead, the company’s Q2 sales forecast of $116 billion to $121 billion came in below estimates. This contributed to $2 billion in additional costs in Q1, he said. Amazon’s stock is down more than 20% this year, part of larger downturn for tech stocks. Amazon posted a net loss of $3.8 billion, or $7.56 per diluted share. Advertising: The company recently started breaking out financials for its growing advertising arm, which brought in $7.8 billion in revenue in the quarter, up 23% over a year ago. Operating income for the second quarter is expected to range between a $1 billion loss and a $3 billion profit, down from $7.7 billion in the second quarter of 2021. Amazon is also dealing with rising wage costs. Operating income came in at $3.7 billion, down from $8.9 billion in the year-ago quarter. Revenue for the first quarter came in at $116.4 billion, which met estimates and was up 7% year-over-year.

Yet another strong showing in cloud computing failed to prevent Amazon.com Inc. from reporting a surprise loss, and a disappointing forecast for the next ...

And it’s forecasting a wide range in operating profit, from a loss of $1 billion to a profit of $3 billion, compared with a profit of $7.7 billion in the pandemic-boosted second quarter of 2021. Subscription services, including the Amazon prime free-shipping and media services, rose 11%, to $8.4 billion And Alphabet also on Tuesday reported strong growth for Google Cloud as revenue jumped 44%, to $5.8 billion, with a somewhat smaller operating loss than a year ago of $931 million. He didn’t mention specifics on how those costs would be reduced, though he alluded to reducing contractors during the first quarter and overall employment from a peak of 1.7 million to 1.6 million people. Show your support for our mission by joining our Cube Club and Cube Event Community of experts. Amazon said sales are expected to rise about 3% to 7% from the second quarter of 2021, to a range of $116 billion to $121 billion — way under analysts’ forecast of $125 billion. Chief Financial Officer Brian Olsavsky told analysts on a conference call that Amazon saw some $6 billion in extra costs in the past year. It earned an operating profit of $6.5 billion, up from $4.2 billion a year ago, on revenue of $18.4 billion, up 37% from a year ago. It has also spent heavily on fulfillment infrastructure, such as doubling container processing capacity and expanding its fleet of delivery aircraft. In prepared comments, Amazon Chief Executive Andy Jassy (pictured) cited “unusual growth and challenges” from the pandemic and the Ukraine war, calling out AWS’ continued momentum. This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions, including delivery speed performance as we’re now approaching levels not seen since the months immediately preceding the pandemic in early 2020.” And even the $7.38-per-share adjusted profit fell below the $8.36 Wall Street expected.

Between January and March, Amazon saw net sales increase to $116 billion but reported a net loss of $3.8 billion.

The company saw an extra $6 billion in unexpected costs over the quarter, Olsavsky said Thursday, building on a trend that saw $4 billion in costs added at the end of last year as well. It expects net sales to grow between 3 and 7% year over year to somewhere between $116 billion and $121 billion. … Now, the job’s on us to slow down our build and catch up to the capacity we have.” “It could go one of two ways,” he said, with customers turning more toward online sales in an effort to save money or turning away from purchases altogether. “We’re using the space we put in place in the last two years in a very different environment. “We feel good about everything the customer sees,” he said. Taking out the impact from changes in the foreign exchange rates, Amazon says sales are up 9%. Part of what’s happening today is seasonal, Olsavsky said. But Amazon plans for new warehouse space months or years in advance, Olsavsky said Thursday, and it was already looking to slow its pandemic rate of expansion. Internal costs, like lack of productivity due to employees calling out sick amid another wave of COVID-19, added about $2 billion. “We know how to do this and have done it before.” This year, it reported a net loss of $3.8 billion, or $7.56 per diluted share.

File photo: The tech giant on Thursday said it had a net loss of $3.8 billion in the quarter ended March 31, a sharp drop in income from the same period last ...

“The cost of fuel is approximately one and a half times higher than it was even a year ago.” Amazon’s earnings hit comes as the company continues to face pressure from its warehouse employees over issues such as pay and working conditions. But as workers returned when the variants subsided, “we quickly transitioned from being understaffed to being overstaffed,” he added. The company forecast that revenue growth would slow further next quarter, anticipating a growth rate of between 3% and 7%. “This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions.” It was also a big miss from the $4.4 billion profit that analysts surveyed by Refinitiv had forecast.

Amazon posted its first quarterly loss in seven years Thursday, sending its stock tumbling nearly 10 percent in after-hours trading.

He also said the company, which has been expanding its warehouses significantly in the past two years, will now focus on boosting productivity and “cost efficiencies.” CFO Brian Olsavsky said on a call with media that the company had to make decisions about warehouse space more than a year in advance and wouldn’t necessarily change what it did. Amazon has strongly opposed the unions.

Rivian shares lost over half their value in the first quarter of 2022, forcing Amazon to take a big markdown on its stake in the electric vehicle company.

Microsoft said this week that its first--quarter profit took a $174 million hit in part due to "mark-to-market losses on our equity portfolio." Alphabet's investment arms have backed companies including UiPath, Freshworks, Lyft and Duolingo, which have all gotten caught up in the market swoon. The riskiest bets took the biggest hits as investors rotated into assets considered safer in a period of rising inflation and interest rates. While Amazon has big ambitions for Rivian, signing an agreement for the production of 100,000 delivery vehicles by 2030, current market conditions are rough. On Wednesday, Ford took a $5.4 billion loss on its 12% stake in Rivian. Amazon has a roughly 18% stake, according to FactSet, investing a total of more than $1.3 billion into the company. In its earnings report on Thursday, Amazon took a $7.6 billion loss on its stake in Rivian. Shares of the EV manufacturer plummeted by more than 50% in the first three months of 2022, reversing course from the fourth quarter, when the company held its stock market debut and saw its value skyrocket.

Shares in the tech giant fell 8.7% in premarket trading to $2,640.95, with Amazon (ticker: AMZN) on track to move into a bear market — down more than 20% this ...

Shares in the tech giant fell 8.7% in premarket trading to $2,640.95, with Amazon (ticker: AMZN) on track to move into a bear market — down more than 20% this year. Amazon Stock Sinks. But This Part of the Business Could Help Shares Fly Again. - Order Reprints

Amazon shares tumbled 8.5% in premarket trading. Moves in large technology companies can have outsize impacts on major stock indexes due to their higher ...

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The ocean of red ink in Amazon's report came from the company's accounting for a $7.6 billion loss in value of its stock investment in Rivian Automotive. Still, ...

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Amazon reported another horrid quarter and guidance disappointed yet again. Click here for a full analysis of AMZN's Q1 earnings.

The company on Thursday gave lighter-than-expected revenue guidance for the current quarter. Amazon also recorded a $7.6 billion loss on its investment in ...

Analysts like Truist Securities' Youssef Squali remain bullish that Amazon's outlook will improve in the second half of the year. The company's investment in electric vehicle maker Rivian weighed on its profits. Amazon invested heavily to staff up its warehouses and combat supply chain challenges, and it now faces rising inflation, as well as increasing transportation and labor costs. We estimate the company's earnings per share excluding the investment-related loss would be roughly $3.40, still 60% below consensus as the company continues to face headwinds related to shipping, labor, excess capacity, and tough prior-year comparisons." It could mark Amazon's worst day since January 2014 if the losses hold through the close. - The company on Thursday gave lighter-than-expected revenue guidance for the current quarter.

Amazon has been trading sideways to lower for nearly two years. Is AMZN stock worth investing in now before the 20-for-1 stock split?

The expected stock split date for Amazon shares is early June. The company's shares have rocketed over 4,000% since its last stock split announcement. In the video below, I break down Amazon earnings highlights. On March 9, Amazon announced a 20-for-1 stock split, the company's first split since 1999 and its fourth since its IPO in 1997.

Amazon stock plunged as the e-commerce giant reported a first-quarter loss after the market close Thursday, with guidance well below views.

The company's Amazon Web Services reported revenue of $18.44 billion, above estimates of $18.27 billion. The company also put in place a $10 billion Amazon stock buyback plan. Amazon now expects an operating loss of $1 billion to $3 billion, compared with a $7.7 billion loss in the year-ago quarter. Analysts were expecting Amazon to report earnings of $8.35 a share on revenue of $116.5 billion, according to FactSet, but that apparently didn't include the Rivian loss. Amazon ( AMZN) blamed the pandemic, inflation and Russia's invasion of Ukraine for its weak outlook, among other things. The first-quarter results came late Thursday. For its second quarter ending in June, Amazon expects revenue in the range of $116 billion to $121 billion.

U.S. stocks fell Friday morning to wrap up April trading, with the Nasdaq Composite on pace for the worst month since March 2020.

A hot inflation reading Friday underscored the difficult environment. The Nasdaq Composite sits in bear market territory, more than 22% below its intraday high. "March 2020 for instance saw very sharp declines, but equally fast recoveries. The S&P 500 is down more than 7%, its worst month since March 2020 at the onset of the Covid pandemic. Loading chart... The tech-heavy Nasdaq Composite fell 2.3%, weighed down by Amazon's post-earnings plunge.

A tumble in shares of Amazon.com and other technology stocks helped push the S&P 500 lower and toward its worst month since March 2020.

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High inflation, the Russia-Ukraine war, and Covid lockdowns in China have weighed heavily on the market.

The S&P 500 started the last trading day of April in the red, putting it on track for its worst four-month start to a year in half a century. In late morning trading Friday, the S&P 500 and the Nasdaq Composite swooned 1.6%. Both indexes rallied more than 2.5% on Thursday. The Dow Jones Industrial Average was down nearly 400 points, or 1.1%, after climbing 614 points on Thursday. Stocks Are Tumbling to Cap Worst 4-Month Start to a Year in Decades

A tumble in shares of Amazon.com and other technology stocks helped push the S&P 500 lower and toward its worst month since March 2020.

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Amazon's reported first-quarter revenue of $116.4 (£92.4) billion was broadly in line with market expectations. However, its year-on-year revenue growth rate of ...

Type in Amazon’s ticker symbol (AMZN) and the number of shares you want to buy or the amount of money you’re prepared to invest. Many brokerages also allow you to add a ‘stop loss’ once you have bought the shares, which allows you to limit your losses if the share price falls. However, drip-feeding your investment may sacrifice capital growth if the share price is rising and you will also pay more in share-trading fees. At some point, you will want to sell your holdings. If the pound strengthens against the dollar, your shares will be worth less in sterling (and vice versa). Rather than waiting to build up a lump sum, it means an investor’s money can be put to use in the market straightaway. This followed the first increase in four years of US Prime membership fees from $119 (£94) to $139 (£110). You should be able to buy US shares through most brokerage accounts. Your investment objectives will determine what type of shares you invest in, whether high-growth technology shares or more defensive companies with a reliable dividend stream. Overall, Amazon shares have fallen by nearly 30% since their high of $3,773 (£2,994) at the end of 2021. Together with a higher wage bill, Amazon estimates that inflationary pressures have added $2 (£1.6) billion of incremental costs. Amazon’s reported first-quarter revenue of $116.4 (£92.4) billion was broadly in line with market expectations.

Shares of Amazon collapsed Friday after the ecommerce monolith reported worse-than-expected earnings spurred by high inflation and lingering supply chain ...

Post also touted a "large profit pool" from Amazon Web Services and reiterated a buy rating for the stock. "Fears of slowing growth, higher interest rates, uncertainty about supply chains and geopolitical events have weighed on the broader market, but tech has carried the brunt of the pain," Ally Invest strategist Lindsey Bell wrote in a Friday note, adding: "It's been an ugly month for the technology sector." Shares of Tesla plummeted 12% Tuesday, pushing the firm's market capitalization down by more than $125 billion.

Had Amazon impressed investors with its outlook for next quarter, then they likely would have overlooked the negative earnings headline. Seeing the stock probe ...

Amazon stock is now hitting a two-year low after a surprise loss in the quarter. Obviously bulls are looking to avoid this scenario, but before we get too far ahead of our skis, let’s see how the current support area holds now. Seeing the stock probe its lowest level since June 2020 is not inspiring. The only mega-cap tech stock that’s done well so far this earnings season is Microsoft ( MSFT) - Get Microsoft Corporation Report and it’s not even part of FAANG. I am watching the $2,450 to $2,525 zone very close now. Even though the loss was driven by a write down on its equity investments (a $7.6 billion write down on its investment in Rivian ( RIVN) - Get Rivian Automotive, Inc. Class A Report), a disappointing outlook sapped any momentum the stock might have had.

The tech giant on Thursday said it had a net loss of $3.8 billion in the quarter ended March 31, a sharp drop in income from the same period last year, when it ...

"The cost of fuel is approximately one and a half times higher than it was even a year ago." Amazon's earnings hit comes as the company continues to face pressure from its warehouse employees over issues such as pay and working conditions. But as workers returned when the variants subsided, "we quickly transitioned from being understaffed to being overstaffed," he added. The company forecast that revenue growth would slow further next quarter, anticipating a growth rate of between 3% and 7%. "This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions." It was also a big miss from the $4.4 billion profit that analysts surveyed by Refinitiv had forecast.

Shares of Amazon plunged 12% on Friday, marking its biggest intraday drop since July 2014. The drop comes one day after the tech titan reported its first ...

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Officials for the online retail giant blame a combination of factors for the $3.84 billion revenue drop.

Amazon Web Services remained a strong point for the company as revenue for the cloud computing service jumped 36.6%. It also said there is uncertainty about consumer spending caused by inflation, supply chain problems and the war in Ukraine. Revenue growth for the quarter was the slowest ever for the company, rising 7.3%.

Amazon.com's stock price (AMZN -14.05%) plunged 14% on Friday, as concerns regarding the online retail titan's slowing growth and rising costs drove many ...

Management expects revenue to increase by 3% and 7% year over year to between $116 billion and $121 billion. Amazon's revenue rose 7% year over year to $116.4 billion in the first quarter. Online retail sales in the U.S. fell 3.3% year over year in March, according to digital payments leader Mastercard. AWS' revenue jumped 37% to $18.4 billion, while its operating profits surged 57% to $6.5 billion. At the same time, inflation and supply chain disruptions are driving up Amazon's costs. A lifting of coronavirus-related restrictions in the U.S. and many other countries means more people are shopping inside traditional retail stores once again.

Amazon stock plunged to a two-year low as shares slid as much as 12% on Friday morning after the company reported its first-quarter results yesterday.

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"The pandemic and subsequent war in Ukraine have brought unusual growth and challenges," Jassy said. Shipping costs, fuel costs, and wage increases mean that, ...

Olsavsky said the company has doubled its size of operations and doubled its workforce to 1.6 million employees in the past two years. Even though Amazon lost money in the first quarter of 2022, net sales increased by 7% to more than $116 billion. “These inflationary pressures have added approximately $2 billion of incremental costs when compared to last year,” Olsavsky said.

An April rout in technology stocks deepened Friday, dragging the Nasdaq Composite to its worst monthly performance in more than a decade.

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