Amazon closed down more than 7%, and its earnings report was worse than expected, and many investment banks lowered their target prices

新浪财经2021-07-31

Amazon shares closed down 7.56% on Friday at $3,327.59. The company's financial report released yesterday showed that its second-quarter revenue and third-quarter performance guidance were in miss the market expectation, and its target price was lowered by many investment banks. It was also fined a record 746 million euros (about 888 million US dollars) by the European Union for violating data privacy regulations. The financial report shows that Amazon's revenue in the second quarter was US $113.08 billion, a year-on-year increase of 27.2%, the third consecutive quarter of more than US $100 billion, but miss the market expectation's revenue was US $115.2 billion. Looking ahead to the third quarter, Amazon expects revenue to be at 1,060...

Web link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Leave a comment
7