Amazon Gained Over 5% in Premarket Trading After Reporting Robust Sales

Tiger Newspress2023-10-27

Amazon.com gained over 5% in premarket trading after reporting robust sales.

It reported revenue and profit that topped analysts’ estimates, buoyed by rising sales in its retail unit and significant cost-cutting. Q3 revenue gained 13% to $143.1 billion, and it projected sales of $160 billion to $167 billion in the quarter ending in December.

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shams_Trader
2023-10-27
shams_Trader
It was down by 5% prev day. Even after robust Sales it was just there where it was a day before and at much lesser than what it was few months ago. but thats how the current market is , volatile , 2 steps backward and 1 step forward. Amzn is a freat business still at lower price, time toinvest more

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