Amazon: 'Third quarter 2023 net income includes a pre-tax valuation gain of $1.2 billion included in non-operating income (expense) from the common stock investment in Rivian Automotive, Inc...'
Portfolio Pulse from Benzinga Newsdesk
Amazon's Q3 2023 net income includes a pre-tax valuation gain of $1.2 billion from its common stock investment in Rivian Automotive.
October 26, 2023 | 8:03 pm
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POSITIVE IMPACT
Amazon's Q3 2023 net income is positively impacted by a $1.2 billion pre-tax valuation gain from its investment in Rivian Automotive.
The $1.2 billion pre-tax valuation gain from Amazon's investment in Rivian Automotive has a positive impact on its Q3 2023 net income. This could potentially lead to a positive reaction in the stock market, increasing Amazon's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100