Andy Jassy Just Delivered Fantastic News for Amazon Investors
Amazon (NASDAQ: AMZN) just reported a blowout quarter, but its stock fell after the results came out. Although the quarter itself was spectacular, management's guidance was underwhelming; the lower end of its revenue guidance would be Amazon's lowest quarterly year-over-year growth ever.That's one pessimistic take on the report, and one that seems to be shared across the market. Amazon stock is down 3% since the report came out.Are investors taking this a little too far? I would note that while it would be the slowest growth in Amazon's history, this isn't the first time management has guided so low. It guided for a 4% to 8% increase in revenue for the 2023 first quarter, exactly two years ago, and it came in ahead of even the high guidance with a 9% increase.Continue reading
Amazon (NASDAQ: AMZN) just reported a blowout quarter, but its stock fell after the results came out. Although the quarter itself was spectacular, management's guidance was underwhelming; the lower end of its revenue guidance would be Amazon's lowest quarterly year-over-year growth ever.
That's one pessimistic take on the report, and one that seems to be shared across the market. Amazon stock is down 3% since the report came out.
Are investors taking this a little too far? I would note that while it would be the slowest growth in Amazon's history, this isn't the first time management has guided so low. It guided for a 4% to 8% increase in revenue for the 2023 first quarter, exactly two years ago, and it came in ahead of even the high guidance with a 9% increase.
