Amazon CEO and Jassy speaks at the Bloomberg Technology Summit in San Francisco on June 8, 2022.
David Paul Morris Bloomberg Gety pictures
Amazon I mentioned The best profits and revenues are expected for the fourth quarter, but they gave disappointing guidance for the current period. The stock slides in extended trading.
Here are the numbers:
- Profits: $ 1.86 for. $ 1.49 for the expected stock
- profit: 187.79 billion dollars compared to $ 187.30 billion expected
Wall Street also sees several other numbers in the report:
- Amazon web services: 28.8 billion dollars compared to 28.8 billion dollars, according to the street
- propaganda: 17.3 billion dollars for $ 17.4 billion, according to the street account
Amazon said that sales in this quarter are expected to range between 151 billion dollars and 155.5 billion dollars. Analysts expected $ 158.5 billion, according to Lseg.
The company said: “This guidance expects an extraordinary and unacceptable impact” from foreign exchange rates. Amazon said the effect is 2.1 billion dollars, or 1.5 %.
the US dollar index – Which measures Greenback against the competitors ’basket – has reached its highest level in more than two years last month, before President Donald Trump was inaugurated. The dollar rose steadily from late November to mid -January, and it has since decreased slightly.
Based on Amazon expectations, the company only expects revenue growth from 5 % to 9 % in the first quarter. At the low end of the range, it will smell this slower growth at all. The Amazon went public in 1997.
Sales in the Amazon cloud department served as hair estimates less than unanimity estimates, but they grow faster than the same quarter of last year. Revenue grew 19 % during a quarter compared to 13 % last year.
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