in

Amazon stock dips as uncertain cloud outlook overshadows revenue beat

Amazon shares jump as cloud, advertising units drive revenue beat

Amazon 

better-than-expected revenue on Thursday, but the stock’s initial pop was wiped out after executives raised concerns of ongoing weakness in cloud growth.

Here are the key numbers:

  • Earnings: 31 cents per share
  • Revenue: $127.4 billion vs. $124.5 billion expected, according to analysts surveyed by Refinitiv

It’s not immediately clear if the reported earnings are comparable to the Refinitiv analyst estimate of 21 cents per…

Read the full post

Posted by Editor

Cognitive impairment after stroke is common, and early diagnosis and treatment needed

NHL bad beat: Panthers oust top-seeded Bruins in Game 7 overtime