Tag Archives: cost cutting

Amazon (NASDAQ:AMZN) reported second-quarter earnings that exceeded analyst expectations, yet its stock fell more than 8% in Friday’s premarket trade due to softer-than-anticipated guidance for the third quarter. Key Financial Highlights Adjusted Earnings per Share (EPS): Amazon posted an adjusted EPS of $1.26 for the quarter ended June 30, 2024, …

Amazon Web Services (AWS) has revealed its ambitious plan to invest €7.8 billion ($8.4 billion) in Germany by 2040, aimed at establishing a dedicated cloud computing infrastructure tailored for Europe. This initiative underscores AWS’s commitment to expanding its presence in the region and addressing the growing demand for cloud services …

Amazon exceeded Wall Street expectations in its third-quarter results, with notable growth in its cloud business and a substantial increase in advertising revenue. Following the report, Amazon’s stock rose 6% in pre-market trading. In Q3, Amazon reported earnings per share (EPS) of $0.94 on revenue totaling $143.1 billion, outperforming estimates …

Amazon reported its second quarter earnings, lifting the company’s stock up by 7%, despite concerns about its cloud business’s future. Cost cutting in addition to surging online sales contributed remarkedly in the robust Q2 earnings.The company reported a small but vital beat for revenue in its cloud business, Amazon Web …