What's Going On With Amazon Stock?
Portfolio Pulse from Henry Khederian
Amazon.com, Inc. (NASDAQ:AMZN) shares are trading higher after reporting better-than-expected Q3 financial results and strong Q4 guidance. The company's Q3 revenue rose by 13% to $143.1 billion, beating expectations. Earnings per share were 94 cents, up from 28 cents YoY. AWS sales reached $23.1 billion, marking a 12% YoY increase. The upcoming Federal Reserve decision on interest rates could impact Amazon's sales and investor sentiment.
November 01, 2023 | 6:20 pm
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Amazon's stock is trading higher following strong Q3 results and Q4 guidance. The upcoming Federal Reserve decision could impact Amazon's sales and investor sentiment.
Amazon's strong Q3 results and Q4 guidance have boosted its stock price. However, the upcoming Federal Reserve decision on interest rates could impact consumer spending and investor sentiment, potentially affecting Amazon's sales and stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100