Amazon expects revenue decline

Note: This section contains information in English only.
Source: Dukascopy Bank SA


On April 30, Amazon reported its quarterly revenues. Despite making more income than expected, the firm's stock is plummeting. In general, the trend that was observed in other companies has also impacted Amazon. Current quarter has been good, but the future looks bleak.

Total net income increased a stunning 229.00% year on year. Sales in AWS grew 17.25%. However, quarter on quarter growth has decreased from 5.00% down to 3.00%. Moreover, the firms admitted that it is reducing its second quarter revenue expectations.

Since the expected high income was already priced in, it does not warrant a surge. The markets are looking at the future, and the future shows a decline.
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