ikkinomicsEn 2022-04-28 19:47:32

#amzn #amazon #stock #markets #afterhours #earnings #revenue

Amazon.com (AMZN) reported today and it swung to a Q1 loss of -190.53% on earnings, being -$7.56 Reported vs $8.35 Estimated, making a loss of -$15.91.

With regards to revenue, it was also a negative surprise of  -0.01% or -$6.273M.

The stock fell 10% in after-hours trading.

Some of the reasons expressed for this situation, where:


  •  The pandemic
  • The war in Ukraine

Amazon's chief financial officer, Brian Olsavsky, said:

"The cost to ship an overseas container has more than doubled compared to pre-pandemic rates," and "The cost of fuel is approximately one and a half times higher than it was even a year ago."



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