What's Going On With Amazon Stock?
Portfolio Pulse from Henry Khederian
Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 3.3% amid overall tech sector weakness after Alphabet Inc and Microsoft Corp reported earnings. Amazon's stock is also falling in anticipation of the company's third-quarter earnings report, confirmed for Thursday's after-hours session. Analyst consensus estimates for Amazon are an EPS of 58 cents on revenue of $141.44 billion.
October 25, 2023 | 2:52 pm
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Amazon's stock is trading lower due to overall tech sector weakness and anticipation of its Q3 earnings report. The stock's movement may be influenced by the company's earnings report.
Amazon's stock is falling due to the overall weakness in the tech sector, which is likely influenced by the earnings reports of Alphabet and Microsoft. Additionally, anticipation of Amazon's own Q3 earnings report is also causing the stock to trade lower. Depending on the results of the earnings report, the stock's movement may be further influenced.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100