Amazon CEO Blames 'Culture'
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S&P 500 Futures Rise, Bolstered by Apple, Amazon Rally
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Amazon announced earnings per share of $1.95, exceeding the expected $1.57—a 25% surprise that caught Wall Street completely off guard.
Amazon's stock popped 13% on Thursday afternoon, fueled by huge Q3 growth at AWS. The earnings call with analysts is scheduled for 5 p.m. ET.
CNBC’s MacKenzie Sigalos reports on Amazon’s blowout quarter and CEO Andy Jassy’s push to make AWS the backbone of the AI economy.
Amazon's cloud revenue rose at the fastest clip in nearly three years, helping the company forecast quarterly sales above estimates and driving its shares up 14% in after-market trading.
Amazon stock has climbed less than half the benchmark S&P 500 over the past five years.
After unexpectedly strong sales and profits across its consumer and cloud businesses, the tech giant said another strong quarter might be ahead.
The recalls range from children’s bed rails to mattresses and furniture that pose hazards such as fire risks and tip-over dangers.
The market is finally remembering that Amazon is part of the Magnificent 7. Following a blowout earnings report, the stock climbed more than 14 percent after hours to surpass the year-to-date gains of Apple and Meta, leapfrogging both names for the first time in months.
By Ricardo Brito, Manuela Andreoni and Adriano Machado SAI CINZA, Brazil (Reuters) -Deep in the Amazon, Indigenous women say they fear getting pregnant. Rivers that have been the lifeblood of their people now carry mercury from illegal gold mining,
Beth Galetti, a senior vice president at Amazon, defended the 14,000 cuts to staff in a Tuesday memo. She wrote that while the company expects “to continue hiring in key strategic areas,” the layoffs are part of an ongoing push to reduce layers and bureaucracy and to shift resources toward the company’s “biggest bets.”