Shares & Derivatives
Amazon plunged almost 10% on Earnings
By Dr Wealth  •  May 1, 2022
We now have Amazon in the spotlight with a dramatic post-market dump. Quick overview, it does seem apparent that this sell-off is warranted as we are looking at how EPS missed expectations by -189.02%. That is indeed a huge miss for a large-cap tech stock and the after-hours selling pressure would most certainly have caught many investors off guard. In this article, apart from the numbers, I will be exploring 3 key factors that appear to be adding to the uncertainty of Amazon’s recent earnings. Amazon’s (AMZN) 1Q2022 Financial Highlights 1. Revenue Revenue – $116.44 billion vs. $116.3 billion expected, according to Refinitiv. Revenue was satisfactory at best coming in as per analyst expectations. If we broke this down a little into Amazon’s 4 Key verticals and compare them with 1Q21, the comparison are as follows, At face value, we are looking at revenue numbers that by and large are acceptable by investors. The...
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By Dr Wealth
Dr Wealth provides trusted financial education to individuals. We teach researched and actionable investment methods so that our graduates are successful in their investment journey and achieve market-beating returns.
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