Markets

Amazon’s new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says

Tom Forte, a senior research analyst at D.A. Davidson, told Bloomberg on Tuesday that Amazon’s digital pharmacy could be a “trillion-dollar, global opportunity” for the e-commerce giant. He added that Amazon needs an opportunity like this to sustain its current levels of growth and multiples. Forte also said that Amazon’s […]
Amazon’s new digital pharmacy is a trillion-dollar opportunity that the company needs to sustain current growth levels, a Wall Street senior analyst says
Markets

‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report

Amazon posted a strong third-quarter earnings beat on Thursday, but its stock suffered in Friday trades on a tepid fourth-quarter outlook. Amazon CEO Jeff Bezos said customers are shopping early for their holiday gifts, “which is just one of the signs that this is going to be an unprecedented holiday […]
‘Gearing up for a big 4Q with fulfillment and COVID investment’: Here’s what 4 Wall Street analysts had to say about Amazon’s 3rd-quarter earnings report
Markets

Amazon dips as tepid profit forecast overshadows 3rd quarter earnings blowout

Shares of Amazon dipped 2% during premarket trading on Friday after the e-commerce giant reported its profits are likely to fall below the Street’s estimates in the fourth quarter. The profit estimates overshadow Amazon’s blowout third-quarter earnings where sales growth skyrocketed 37% and revenue guidance beat expectations. Amazon said its […]
Amazon dips as tepid profit forecast overshadows 3rd quarter earnings blowout
Markets

‘E-commerce on fire’: Here’s what 4 analysts expect from Amazon’s first-quarter results

Amazon will release its first-quarter earnings Thursday afternoon, revealing how the e-commerce giant has performed throughout the coronavirus shutdown. Analysts expect the company’s delivery business to soar as consumers shift to online shopping from quarantine. Other firms expect Amazon’s Web Services segment to beat expectations as online traffic spikes. Here’s […]
‘E-commerce on fire’: Here’s what 4 analysts expect from Amazon’s first-quarter results
Markets

‘Amazon being Amazon’: Wall Street rushed to the e-commerce giant’s defence after weak earnings. Here’s what 5 firms had to say.

Amazon’s stock shed about $US40 billion in market value Friday after the ecommerce giant gave fourth-quarter guidance below Wall Street estimates. The shares also plunged as Amazon reported a weaker profit than expected as spending for its Prime One-Day delivery program ramps up. Analysts are coming to the stock’s defence, […]
‘Amazon being Amazon’: Wall Street rushed to the e-commerce giant’s defence after weak earnings. Here’s what 5 firms had to say.