"Shares of Amazon.com Inc. (NASDAQ: AMZN) lost 1.32% over the past five trading sessions after losing 0.97% the five prior, bringing the stock's year-to-date gain to 6.28%. Amazon has otherwise performed well since the start of August, having recently announced it will begin offering customers same-day grocery delivery. In July, it was reported that AMZN founder Jeff Bezos sold nearly 3 million shares worth $665.8 million."
"When the company reported Q2 earnings on July 31, its financial performance was overshadowed by a bleak outlook, with guidance weaker than Wall Street's forecast. Amazon beat on earnings and revenue, with EPS coming in at $1.68 versus expectations of $1.33 and revenue of $167.7 billion versus expectations of $162.09 billion. Revenue from AWS was $30.87 billion versus expectations of $30.8 billion, while advertising revenue registered $15.7 billion versus expectations of $14.9 billion."
Shares fell 1.32% over the past five trading sessions and 0.97% in the prior five, leaving a year-to-date gain of 6.28%. The company began offering same-day grocery delivery in August. Founder Jeff Bezos sold nearly 3 million shares for $665.8 million in July as part of a plan to unload up to 25 million shares through May 2026. Q2 results beat expectations with EPS of $1.68 versus $1.33 and revenue of $167.7 billion versus $162.09 billion; AWS revenue was $30.87 billion and advertising revenue $15.7 billion. Q2 sales rose 13% year-over-year. Q3 operating income guidance of $15.5–$20.5 billion trailed analysts' $19.48 billion forecast. Multiple analysts raised price targets after earnings.
Read at 24/7 Wall St.
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