S&P 500 ^GSPC 5,303.27 +0.12%
Nvidia NVDA $924.96 -1.97%
Tesla TSLA $177.58 +1.57%
Alphabet GOOG $177.29 +1.06%
Amazon AMZN $184.70 +0.58%
Meta META $471.91 -0.28%
Microsoft MSFT $420.21 -0.19%
Apple AAPL $189.87 +0.02%

The last, "final part" to $AMZN+0.6%

I wrote on this topic yesterday and today I just want to report the news. We got the results in and they were favorable, with the stock immediately up in after-hours trading, but then down about 3% below the misleading price within two hours of extended trading. Managers reported concerns about continued weakness in cloud growth and that sent the price down.

Amazon otherwise delivered results slightly above analyst expectations. Earnings of 31 cents per share. Revenue of $127.4 billion. Revenue advanced 9% from a year ago, same period, beating estimates, hence the increase. From the AWS sector, revenue grew 16%, which is better than Q1 2022. But here's the downside concern, as it's down 4% for Q4 2022.

The company continues to tighten its belts as it laid off employees, closed some of its plans like telehealth program and a number of fitness facilities. It has slowed warehouse expansion and put on hold construction of a second headquarters in Virginia.

Either way, they remain positive, an improvement on last year, and the cuts are showing. They expect like-for-like sales of $127-133 billion for the second quarter. They are also pleased with strong growth in advertising of 23%.

So that's it for my little series on this company, as I tried to make a trade on this company and wanted to take something like on MFST and META, it didn't work out that way as I expected them to keep that profit in the premark, but it doesn't matter, I still think this company won't go below $100 anymore and will slowly grow again in the next few years.

WARNING: This is not an investment recommendation, it is for information only.


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