Amazon Sees Q2 Net Sales $144B-$149B vs $150.07B Est.
Portfolio Pulse from Benzinga Newsdesk
Amazon projects its Q2 net sales to be between $144 billion and $149 billion, falling short of the estimated $150.07 billion.
April 30, 2024 | 8:03 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Amazon's projected Q2 net sales are below market expectations, indicating potential short-term negative impact on its stock price.
Amazon's lower-than-expected sales forecast for Q2 could lead to investor disappointment and a negative short-term reaction in its stock price. This projection, being below the consensus estimate, may raise concerns about growth and operational challenges, influencing investor sentiment and stock performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100