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Amazon Surges After Jassy Spurs Sales Growth, Reins in Costs

(Bloomberg) -- Amazon.com Inc. Chief Executive Officer Andy Jassy pulled off a financial double play this earnings season: generating strong revenue growth from the core e-commerce business while cutting the pace of spending. Most Read from BloombergS&P 500 Wipes Out Almost 1% Gain; Bond Yields Drop: Markets WrapTrump Cites Self Incrimination Concern in Lawsuit Against CohenElon Musk Says Treasury Bills Are ‘No-Brainer’Apple Faces Longest Sales Drop in Decades as iPhone Slumps...
Andy Jassy Andrew Lipsman Matt Day Brian Olsavsky Jeff Bezos Bloomberg Businessweek
Source: yahoo.com

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Apple sees sales slump continuing, shares drop 2% despite beating sales expectations

Apple on Thursday forecast that a sales slump would continue into the current quarter, sending shares down despite beating Wall Street sales and profit targets in the fiscal third quarter. Apple shares dropped about 2% after the company predicted what could be the fourth quarter in a row of declining sales. For the just-ended period, strength in services drove the profit beat, but weaker than expected sales of Apple's most famous device, the iPhone, underwhelmed investors.
San Francisco United States Jeremy Goldman Daniel Newman Luca Maestri Tim Cook
Source: yahoo.com

Apple: Apple sees sales slump continuing, shares drop 2%

Apple shares dropped about 2% after the mixed results and outlook. Strength in services drove the profit beat in the third quarter, but weaker than expected sales of Apples most famous device, the iPhone, underwhelmed investors. Executives said iPhone sales would improve but did not say how much.
Luca Maestri Tim Cook Jesse Cohen Jeremy Goldman Major League Soccer Counterpoint Research

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