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2023-02-03

Ok$Alphabet(GOOG)$

Apple, Alphabet and Amazon Hurt as Economic Slump Crimps Demand

2023-02-02

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Amazon’s revenue was trimmed by soft consumer demand for products sold online and slowing growth in a once-booming business that provides remote computing power to companies. Alphabet’s results missed Wall Street estimates after customers curtailed orders for ads that appear alongside online search results.</p><p>“The war in Ukraine, inflationary pressures, economic uncertainty and macroeconomic headwinds kept the consumer sentiment weak in 2022 while smartphone users reduced the frequency of their purchases,” Harmeet Singh Walia, a senior analyst at Counterpoint Research, wrote in a report on Apple.</p><p><img src=\"https://static.tigerbbs.com/22c84932b041768fa1fbd8489402e350\" tg-width=\"941\" tg-height=\"624\" width=\"100%\" height=\"auto\"/></p><p>Economic weakness also affected business demand for ads and cloud computing, said Mandeep Singh, technology lead at Bloomberg Intelligence. The sluggish economy was most evident at Alphabet “as they called out advertisers pulling back, echoing what other ad vendors have said,” he said in an interview. “Cloud consumption is coming down, though growth rates are still higher there.”</p><p>Shares of all three companies slipped in after-hours trading, with Amazon falling 5.1% and Alphabet losing 4.6%. Apple slid as much as 3.2%. Nasdaq 100 futures were also lower, indicating a possible reversal of the Thursday rally led by Meta Platforms Inc., whose results emphasized cost cuts and tens of billions of dollars in share buybacks.</p><p>Each of the big tech companies reporting Thursday also underscored the ways they’re working to move past the slump. Alphabet Chief Executive Officer Sundar Pichai leaned heavily into artificial intelligence as a way to improve search results and other products. Starting this year, DeepMind, a division focused on AI research, will be included in Alphabet’s corporate costs. That will show how the technology is being incorporated into other businesses — rather than just Alphabet’s “Other Bets” division — the company said.</p><p>“I’m excited by the AI-driven leaps we’re about to unveil in search and beyond,” Pichai said in a statement.</p><p>Part of Apple’s weakness last quarter was the result of supply-chain constraints, particularly in China, where Covid-related lockdowns impeded production while also keeping consumers out of stores. Apple CEO Tim Cook said a loosening of Covid rules in China — one Apple’s biggest markets — is helping brighten his outlook.</p><p>“When you look at the opening that started happening in December, we saw a marked change in traffic in our stores as compared to November — and that followed through to demand as well,” Cook said on a conference call with analysts. Production “is now back where we want it to be,” he also said.</p><p>Amazon CEO Andy Jassy zeroed in on the company’s efforts to slash costs, reversing the massive ramp-up in hiring and spending prompted by the boom in online commerce that accompanied the pandemic.</p><p>“I think probably the No. 1 priority that I spend time on with the team is reducing our costs to serve in our operations network,” Jassy told analysts on a call.</p><p>Alphabet Chief Financial Officer Ruth Porat also told investors that the company will “meaningfully” slow the pace of hiring this year. Both companies have also announced major layoffs in recent weeks.</p></body></html>","source":"lsy1584095487587","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Apple, Alphabet and Amazon Hurt as Economic Slump Crimps Demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nApple, Alphabet and Amazon Hurt as Economic Slump Crimps Demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-02-03 10:14 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.bloomberg.com/news/articles/2023-02-03/apple-alphabet-and-amazon-hurt-as-economic-slump-crimps-demand?srnd=premium-asia><strong>Bloomberg</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>‘Headwinds kept the consumer sentiment weak in 2022’Tech CEOs point to some bright spots, such as the use of AIApple Inc., Amazon.com Inc. and Alphabet Inc., technology bellwethers with a combined ...</p>\n\n<a href=\"https://www.bloomberg.com/news/articles/2023-02-03/apple-alphabet-and-amazon-hurt-as-economic-slump-crimps-demand?srnd=premium-asia\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","AAPL":"苹果","GOOG":"谷歌","GOOGL":"谷歌A"},"source_url":"https://www.bloomberg.com/news/articles/2023-02-03/apple-alphabet-and-amazon-hurt-as-economic-slump-crimps-demand?srnd=premium-asia","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1131662511","content_text":"‘Headwinds kept the consumer sentiment weak in 2022’Tech CEOs point to some bright spots, such as the use of AIApple Inc., Amazon.com Inc. and Alphabet Inc., technology bellwethers with a combined market value approaching $5 trillion, posted results Thursday that show an economic slowdown is throttling demand for electronics, e-commerce, cloud computing and digital advertising — mainstays of the global tech economy.Apple’s sales fell more than analysts predicted during the holiday quarter, slammed by slack purchases of iPhones and Macs. Amazon’s revenue was trimmed by soft consumer demand for products sold online and slowing growth in a once-booming business that provides remote computing power to companies. Alphabet’s results missed Wall Street estimates after customers curtailed orders for ads that appear alongside online search results.“The war in Ukraine, inflationary pressures, economic uncertainty and macroeconomic headwinds kept the consumer sentiment weak in 2022 while smartphone users reduced the frequency of their purchases,” Harmeet Singh Walia, a senior analyst at Counterpoint Research, wrote in a report on Apple.Economic weakness also affected business demand for ads and cloud computing, said Mandeep Singh, technology lead at Bloomberg Intelligence. The sluggish economy was most evident at Alphabet “as they called out advertisers pulling back, echoing what other ad vendors have said,” he said in an interview. “Cloud consumption is coming down, though growth rates are still higher there.”Shares of all three companies slipped in after-hours trading, with Amazon falling 5.1% and Alphabet losing 4.6%. Apple slid as much as 3.2%. Nasdaq 100 futures were also lower, indicating a possible reversal of the Thursday rally led by Meta Platforms Inc., whose results emphasized cost cuts and tens of billions of dollars in share buybacks.Each of the big tech companies reporting Thursday also underscored the ways they’re working to move past the slump. Alphabet Chief Executive Officer Sundar Pichai leaned heavily into artificial intelligence as a way to improve search results and other products. Starting this year, DeepMind, a division focused on AI research, will be included in Alphabet’s corporate costs. That will show how the technology is being incorporated into other businesses — rather than just Alphabet’s “Other Bets” division — the company said.“I’m excited by the AI-driven leaps we’re about to unveil in search and beyond,” Pichai said in a statement.Part of Apple’s weakness last quarter was the result of supply-chain constraints, particularly in China, where Covid-related lockdowns impeded production while also keeping consumers out of stores. Apple CEO Tim Cook said a loosening of Covid rules in China — one Apple’s biggest markets — is helping brighten his outlook.“When you look at the opening that started happening in December, we saw a marked change in traffic in our stores as compared to November — and that followed through to demand as well,” Cook said on a conference call with analysts. Production “is now back where we want it to be,” he also said.Amazon CEO Andy Jassy zeroed in on the company’s efforts to slash costs, reversing the massive ramp-up in hiring and spending prompted by the boom in online commerce that accompanied the pandemic.“I think probably the No. 1 priority that I spend time on with the team is reducing our costs to serve in our operations network,” Jassy told analysts on a call.Alphabet Chief Financial Officer Ruth Porat also told investors that the company will “meaningfully” slow the pace of hiring this year. Both companies have also announced major layoffs in recent weeks.","news_type":1},"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955838228,"gmtCreate":1675321639565,"gmtModify":1676538992850,"author":{"id":"4138420469889552","authorId":"4138420469889552","name":"sk.thidurshan","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138420469889552","authorIdStr":"4138420469889552"},"themes":[],"htmlText":"Good 👍👍👍","listText":"Good 👍👍👍","text":"Good 👍👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955838228","repostId":"2308159018","repostType":2,"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":9955665458,"gmtCreate":1675395127275,"gmtModify":1676538999280,"author":{"id":"4138420469889552","authorId":"4138420469889552","name":"sk.thidurshan","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138420469889552","authorIdStr":"4138420469889552"},"themes":[],"htmlText":"Ok<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a>","listText":"Ok<a href=\"https://ttm.financial/S/GOOG\">$Alphabet(GOOG)$&nbsp;</a>","text":"Ok$Alphabet(GOOG)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9955665458","repostId":"1131662511","repostType":2,"isVote":1,"tweetType":1,"viewCount":95,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9955838228,"gmtCreate":1675321639565,"gmtModify":1676538992850,"author":{"id":"4138420469889552","authorId":"4138420469889552","name":"sk.thidurshan","avatar":"https://community-static.tradeup.com/news/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4138420469889552","authorIdStr":"4138420469889552"},"themes":[],"htmlText":"Good 👍👍👍","listText":"Good 👍👍👍","text":"Good 👍👍👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9955838228","repostId":"2308159018","repostType":2,"repost":{"id":"2308159018","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1675319534,"share":"https://ttm.financial/m/news/2308159018?lang=&edition=fundamental","pubTime":"2023-02-02 14:32","market":"us","language":"en","title":"Amazon Earnings Are Today. All Eyes Are on Its Cloud Computing Business","url":"https://stock-news.laohu8.com/highlight/detail?id=2308159018","media":"Dow Jones","summary":"Amazon's fourth-quarter financial results, due after the close of trading on Thursday, likely will s","content":"<html><head></head><body><p>Amazon&#39;s fourth-quarter financial results, due after the close of trading on Thursday, likely will show the effects of weakening conditions in three of its most important markets -- online shopping, cloud computing, and digital advertising.</p><p>The question investors face is how much of that is already discounted in the stock price, which last year lost about half of its value.</p><p>For the quarter, Wall Street consensus estimates for Amazon (ticker: AMZN), as measured by FactSet, project revenue of $145.9 billion, up 6%. The company&#39;s own forecast calls for revenue of between $140 billion and $148 billion.</p><p>Consensus estimates call for fourth-quarter earnings of 17 cents a share, but the number will be muted by mark-to-market accounting for the company&#39;s stake in Rivian Automotive (RIVN). The truck manufacturer&#39;s stock slid 44% in the fourth quarter, resulting in a paper loss of about $2.3 billion for Amazon.</p><p>Amazon sees operating income of between zero and $4 billion for the period; Street consensus is for $2.7 billion.</p><p>Meanwhile, Amazon will face scrutiny on the performance of all three key segments.</p><p>Street estimates project online stores sales of $65.2 billion, down 1% from a year ago. That forecast reflects both a tough comparison with 2021, and the softening of consumer spending in the most recent holiday shopping period. The market will be looking for signs of resiliency -- and evidence that the company has made progress on its push to rein in costs.</p><p>Analysts have been antsy about the outlook for Amazon Web Services, the company&#39;s cloud computing arm, after softer-than-expected guidance last week from rival Microsoft (MSFT) Azure. In reporting December quarter results, Microsoft said Azure grew 38% on a currency-adjusted basis in the December quarter, which was actually about a percentage point ahead of Street expectations. But Microsoft also said business slowed over the course of the quarter, and it expects further deceleration in Azure&#39;s growth in the March quarter.</p><p>Street estimates call for AWS to report revenue of $21.8 billion for the December quarter, which would be up 23% from a year ago, moderating from 27% growth in the September quarter. Some cloud vendors have been working with customers on optimizing their spending, in some cases shifting from pay-as-you-go consumption models to contract-based models to make costs more predictable. Current Street estimates call for further deceleration from here -- consensus is for $22.3 billion AWS revenue in the March quarter, up 21% from a year earlier.</p><p>Meanwhile, analysts&#39; models call for $11.4 billion in revenue from advertising in the quarter, which would be up 17% from a year earlier. But there are signs of weakness in the ad market as well. Microsoft said ad revenue from both LinkedIn and Bing were below expectations in the December quarter, and Snap (SNAP) this week posted disappointing results and guidance.</p><p>In early January, Amazon announced plans to eliminate just over 18,000 jobs, as it pushes to reduce costs in a weaker macroeconomic environment.</p><p>&#34;These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I&#39;m also optimistic that we&#39;ll be inventive, resourceful, and scrappy in this time when we&#39;re not hiring expansively and eliminating some roles,&#34; CEO Andy Jassy said last month when announcing the cuts to the Amazon staff.</p><p>Investors will be looking for evidence that the cost-cutting is having an impact on profitability and free cash flow -- the company has posted negative free cash flow growth in four of the last five quarters.</p><p>For the March quarter, the Street is projecting revenue of $139.2 billion, up just 4% from a year earlier, with operating income of $4.2 billion, and profits of 28 cents a share.</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Amazon Earnings Are Today. All Eyes Are on Its Cloud Computing Business</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nAmazon Earnings Are Today. All Eyes Are on Its Cloud Computing Business\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2023-02-02 14:32</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Amazon&#39;s fourth-quarter financial results, due after the close of trading on Thursday, likely will show the effects of weakening conditions in three of its most important markets -- online shopping, cloud computing, and digital advertising.</p><p>The question investors face is how much of that is already discounted in the stock price, which last year lost about half of its value.</p><p>For the quarter, Wall Street consensus estimates for Amazon (ticker: AMZN), as measured by FactSet, project revenue of $145.9 billion, up 6%. The company&#39;s own forecast calls for revenue of between $140 billion and $148 billion.</p><p>Consensus estimates call for fourth-quarter earnings of 17 cents a share, but the number will be muted by mark-to-market accounting for the company&#39;s stake in Rivian Automotive (RIVN). The truck manufacturer&#39;s stock slid 44% in the fourth quarter, resulting in a paper loss of about $2.3 billion for Amazon.</p><p>Amazon sees operating income of between zero and $4 billion for the period; Street consensus is for $2.7 billion.</p><p>Meanwhile, Amazon will face scrutiny on the performance of all three key segments.</p><p>Street estimates project online stores sales of $65.2 billion, down 1% from a year ago. That forecast reflects both a tough comparison with 2021, and the softening of consumer spending in the most recent holiday shopping period. The market will be looking for signs of resiliency -- and evidence that the company has made progress on its push to rein in costs.</p><p>Analysts have been antsy about the outlook for Amazon Web Services, the company&#39;s cloud computing arm, after softer-than-expected guidance last week from rival Microsoft (MSFT) Azure. In reporting December quarter results, Microsoft said Azure grew 38% on a currency-adjusted basis in the December quarter, which was actually about a percentage point ahead of Street expectations. But Microsoft also said business slowed over the course of the quarter, and it expects further deceleration in Azure&#39;s growth in the March quarter.</p><p>Street estimates call for AWS to report revenue of $21.8 billion for the December quarter, which would be up 23% from a year ago, moderating from 27% growth in the September quarter. Some cloud vendors have been working with customers on optimizing their spending, in some cases shifting from pay-as-you-go consumption models to contract-based models to make costs more predictable. Current Street estimates call for further deceleration from here -- consensus is for $22.3 billion AWS revenue in the March quarter, up 21% from a year earlier.</p><p>Meanwhile, analysts&#39; models call for $11.4 billion in revenue from advertising in the quarter, which would be up 17% from a year earlier. But there are signs of weakness in the ad market as well. Microsoft said ad revenue from both LinkedIn and Bing were below expectations in the December quarter, and Snap (SNAP) this week posted disappointing results and guidance.</p><p>In early January, Amazon announced plans to eliminate just over 18,000 jobs, as it pushes to reduce costs in a weaker macroeconomic environment.</p><p>&#34;These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I&#39;m also optimistic that we&#39;ll be inventive, resourceful, and scrappy in this time when we&#39;re not hiring expansively and eliminating some roles,&#34; CEO Andy Jassy said last month when announcing the cuts to the Amazon staff.</p><p>Investors will be looking for evidence that the cost-cutting is having an impact on profitability and free cash flow -- the company has posted negative free cash flow growth in four of the last five quarters.</p><p>For the March quarter, the Street is projecting revenue of $139.2 billion, up just 4% from a year earlier, with operating income of $4.2 billion, and profits of 28 cents a share.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2308159018","content_text":"Amazon's fourth-quarter financial results, due after the close of trading on Thursday, likely will show the effects of weakening conditions in three of its most important markets -- online shopping, cloud computing, and digital advertising.The question investors face is how much of that is already discounted in the stock price, which last year lost about half of its value.For the quarter, Wall Street consensus estimates for Amazon (ticker: AMZN), as measured by FactSet, project revenue of $145.9 billion, up 6%. The company's own forecast calls for revenue of between $140 billion and $148 billion.Consensus estimates call for fourth-quarter earnings of 17 cents a share, but the number will be muted by mark-to-market accounting for the company's stake in Rivian Automotive (RIVN). The truck manufacturer's stock slid 44% in the fourth quarter, resulting in a paper loss of about $2.3 billion for Amazon.Amazon sees operating income of between zero and $4 billion for the period; Street consensus is for $2.7 billion.Meanwhile, Amazon will face scrutiny on the performance of all three key segments.Street estimates project online stores sales of $65.2 billion, down 1% from a year ago. That forecast reflects both a tough comparison with 2021, and the softening of consumer spending in the most recent holiday shopping period. The market will be looking for signs of resiliency -- and evidence that the company has made progress on its push to rein in costs.Analysts have been antsy about the outlook for Amazon Web Services, the company's cloud computing arm, after softer-than-expected guidance last week from rival Microsoft (MSFT) Azure. In reporting December quarter results, Microsoft said Azure grew 38% on a currency-adjusted basis in the December quarter, which was actually about a percentage point ahead of Street expectations. But Microsoft also said business slowed over the course of the quarter, and it expects further deceleration in Azure's growth in the March quarter.Street estimates call for AWS to report revenue of $21.8 billion for the December quarter, which would be up 23% from a year ago, moderating from 27% growth in the September quarter. Some cloud vendors have been working with customers on optimizing their spending, in some cases shifting from pay-as-you-go consumption models to contract-based models to make costs more predictable. Current Street estimates call for further deceleration from here -- consensus is for $22.3 billion AWS revenue in the March quarter, up 21% from a year earlier.Meanwhile, analysts' models call for $11.4 billion in revenue from advertising in the quarter, which would be up 17% from a year earlier. But there are signs of weakness in the ad market as well. Microsoft said ad revenue from both LinkedIn and Bing were below expectations in the December quarter, and Snap (SNAP) this week posted disappointing results and guidance.In early January, Amazon announced plans to eliminate just over 18,000 jobs, as it pushes to reduce costs in a weaker macroeconomic environment.\"These changes will help us pursue our long-term opportunities with a stronger cost structure; however, I'm also optimistic that we'll be inventive, resourceful, and scrappy in this time when we're not hiring expansively and eliminating some roles,\" CEO Andy Jassy said last month when announcing the cuts to the Amazon staff.Investors will be looking for evidence that the cost-cutting is having an impact on profitability and free cash flow -- the company has posted negative free cash flow growth in four of the last five quarters.For the March quarter, the Street is projecting revenue of $139.2 billion, up just 4% from a year earlier, with operating income of $4.2 billion, and profits of 28 cents a share.","news_type":1},"isVote":1,"tweetType":1,"viewCount":182,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}