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Amazon cloud revenue and AI push offset weak Q2 retail outlook [Yahoo! Finance Canada]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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earnings, largely due to the revenue generated by the company's cloud computing business , Amazon Web Services (AWS). On the retail side, Amazon's second quarter outlook fell below expectations. The company projected its net sales to land between $144 billion and $149 billion, falling short of the Street's estimate of $150 billion. Despite the projected dip in consumer spending, Brad Smith and Seana Smith emphasize the growth of AWS and AI innovations that offset Amazon's lackluster e-commerce and retail performance. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Melanie Riehl
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- Jeff Bezos revealed his secret to Amazon's success 25 years ago: ‘I asked everyone around here to wake up terrified every morning, their sheets drenched in sweat' [Yahoo! Finance][Yahoo! Finance]
- Jeff Bezos revealed his secret to Amazon's success 25 years ago: ‘I asked everyone around here to wake up terrified every morning, their sheets drenched in sweat' [Fortune][Fortune]
- Amazon Workers Say They Struggle to Afford Food, Rent [Yahoo! Finance Canada][Yahoo! Finance Canada]
- Half of Amazon warehouse workers struggle to pay for food, housing, report says [Yahoo! Finance][Yahoo! Finance]
- Half of Amazon warehouse workers struggle to cover food, housing costs, report finds [CBS News][CBS News]
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