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Better-than-expected earnings from Amazon and Apple and lower bond yields sent stocks higher last week. These gains added to the momentum for equities that began at the end of the previous week, when
Capital spending under CEO Andy Jassy will go up “meaningfully,” but record operating margins driven by retail, cloud and advertising will ease the pain.
Amazon rose closer to all-time high after beating revenue and earnings expectation in first-quarter report
Here is a closer look at Amazon.com earnings. The company is expected to report a gain of $0.81/share on $166.04 billion in revenue. Here's a closer look.
The e-commerce platform said it expects between $138 billion and $143.5 billion in net sales for the next quarter, a roughly 11% increase from the first quarter of 2023.