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0.000113179786090101 0.000679078716541251 0.00260313508007474 0.00243336540093943 0.00277290475921006 0.00277290475921006 0.00277290475921006 0.00277290475921006
Stock impact report

Amazon Snuffs Out Investor Hopes for Dividend or Share Buybacks [BNN Bloomberg (Canada)]

Amazon.com, Inc. (AMZN) 
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
Company Research Source: BNN Bloomberg
It didn't happen. During a post-earnings call with analysts on Tuesday, Chief Financial Officer Brian Olsavsky reiterated Amazon's long-standing philosophy of re-investing in its business. He mentioned paying down debt and building the data centers required to reap the benefits of the boom in artificial intelligence. “Our first priority is to invest in, to support the growth opportunities and long-term investments within our businesses, and generally we still have many opportunities for that capital to use that would generate meaningful returns,” Olsavsky said. Read more: Amazon Reports Strong Cloud Unit Sales on Rising AI Demand The board has long authorized Amazon to repurchase its own shares, but executives have done so only sporadically. Amazon in 2022 announced a program of up to $10 billion in buybacks, but the Seattle-based company hasn't executed any since the second quarter of that year. Meta and Alphabet both announced their first dividends this year. Amazon remai Show less Read more
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