Market News AIOpen the app

Amazon's CEO Andy Jassy thinks investors are ignoring retail as AMZN stock drops 7% over the last six months.

ResultsRead the original at Benzinga
Neutral

Amazon's retail sales and unit counts are growing, but its latest sales and profit fell short of estimates. Its next-quarter sales range includes the estimate, and its profit forecast is above last year's, so the report points in different directions.

AMZN · Amazon.com Inc.

AI read · Neutral

The AI's read

The retail figures point to continued growth and wider reach. But Amazon's latest sales and profit missed estimates. Its next-quarter sales range includes the estimate, and expected operating profit is above last year's quarter. Taken together, the report leaves Amazon's business outlook mixed.

Get alerts for AMZN

Follow Amazon.com Inc. (AMZN) free. When we publish a story about it, you get the plain-English explanation as an alert.

Get alerts for AMZN
Free on the App Store and Google Play, or on the web.