What's Going On With Amazon On Thursday?
Portfolio Pulse from Adam Eckert
Amazon.com Inc (NASDAQ:AMZN) announced record-breaking sales for its 2024 Prime Day event, with more items sold than in any prior years. A record number of customers signed up for Prime, and independent sellers sold over 200 million items. Amazon's new AI-powered shopping assistant Rufus and the Amazon Inspire shopping experience contributed to the success. The company is expected to report Q2 earnings of $1.02 per share and revenue of $148.495 billion in two weeks.
July 18, 2024 | 2:53 pm
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Amazon announced record-breaking sales for its 2024 Prime Day event, with more items sold than in any prior years. A record number of customers signed up for Prime, and independent sellers sold over 200 million items. The company is expected to report Q2 earnings of $1.02 per share and revenue of $148.495 billion in two weeks.
The record-breaking sales during Prime Day 2024 indicate strong consumer demand and successful engagement strategies, which are likely to positively impact Amazon's short-term stock price. The upcoming Q2 earnings report, expected to show solid financial performance, further supports a positive outlook.
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