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

Amazon sees $60 billion in market cap erased after quarterly profits shrink

Amazon reported first-quarter earnings Thursday that missed analyst expectations. Shares fell 5% in early trading, erasing $US60 billion in market value from the tech giant. While revenue jumped because of the coronavirus pandemic, costs rose as well. Watch Amazon trade live on Markets Insider. Read more on Business Insider. Amazon […]
Amazon sees $60 billion in market cap erased after quarterly profits shrink
Markets

Amazon is bigger than Microsoft for the first time

Amazon‘s market value passed that of Microsoft for the first time Wednesday. Amazon is now the third-largest company in the United States. Shares of Amazon rose 2.57% Wednesday, sending its market value higher than Microsoft for the first time. The e-commerce behemoth is now the third-largest company in the US, […]
Amazon is bigger than Microsoft for the first time