Amazon forecasts quarterly revenue below estimates [Reuters]
Amazon.com, Inc. (AMZN)
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Source: Reuters
April 30 (Reuters) - Amazon.com forecast second-quarter revenue below Wall Street expectations on Tuesday, as it expects tepid spending from cost-conscious businesses on its cloud computing services. The company expects revenue of $144.0 billion to $149.0 billion for the current quarter ending June, compared with expectations of $150.07 billion, according to LSEG data. Amazon Web Services (AWS), the largest provider of cloud computing services, posted a 17% rise in revenue to $25.0 billion in the first quarter, compared with expectations of $24.53 billion. That compares with a rise in cloud computing revenue of 31% for Microsoft and 28% for Alphabet The Technology Roundup newsletter brings the latest news and trends straight to your inbox. Sign up Reporting by Yuvraj Malik in Bengaluru; Editing by Anil D'Silva Our Standards:
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AMZN
Earnings
- 4/30/24 - Beat
AMZN
Sec Filings
- 5/20/24 - Form PX14A6G
- 5/17/24 - Form 4
- 5/17/24 - Form 4
- AMZN's page on the SEC website