3 Surprising Reasons Investors Should Buy Amazon Stock Right Now [Yahoo! Finance]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Yahoo! Finance
The e-commerce giant's first-quarter revenue of $143.3 billion and per-share earnings of $0.98 both topped estimates and were well up from year-ago levels. Amazon stock edged higher following Tuesday evening's release of the company's first-quarter report. Chalk up another win for all the obvious reasons. However, there are some less obvious reasons to buy Amazon stock that further bolster the already bullish case here. 1. Amazon Web Services is becoming much more cost-efficient Perhaps one of Amazon's most exciting growth engines at this time is its cloud computing arm. Indeed, Amazon Web Services (or AWS) has grown at a double-digit pace for several years now. This business ran into an alarming wall beginning in mid-2022, though, thanks to the steep costs of operating a cloud computing arm in an environment rife with inflation. AWS's operating income and operating margin rates have been weak since 2022, even though its cloud revenue has continued to grow. This all seems to h
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- AMZN's page on the SEC website