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Stock impact report

Analysts reassess Amazon stock price targets ahead of earnings [Yahoo! Finance]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
The internet behemoth was unveiling Amazon Web Services, which the company described as "a platform for creating innovative web solutions and services designed specifically for developers and website owners." “Developers can now incorporate Amazon.com content and features directly onto their own websites,” Bezos said in a statement . “We can't wait to see how they're going to surprise us.” More than 20 years later, it's probably fair to say that the company is happily surprised by the growth of AWS. During Amazon's fourth-quarter-earnings call on Feb. 1, Andy Jassy, Amazon's current CEO, told analysts that AWS revenue grew 13% year-over-year in the quarter compared with 12% year-over year in the third quarter, "and we're now approaching an annualized revenue run rate of $100 billion. "We watched the incremental revenue added each quarter," Jassy said. "And in Q4 AWS added more than $1.1 billion of incremental quarter-over-quarter revenue, which on [a foreign-exchange-neutral] Show less Read more
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