Amazon Says Trump Assassination Attempt And Paris Olympics Responsible For Lower Q3 Revenue Forecast, Shares Slide In After-Hours: 'Customers Only Have So Much Attention'
Portfolio Pulse from Benzinga Neuro
Amazon.com Inc (NASDAQ:AMZN) has attributed its lower Q3 revenue forecast to the Paris Olympics and an assassination attempt on former President Donald Trump, leading to a nearly 7% drop in after-hours trading. Economic challenges and consumer caution are also influencing spending patterns.
August 02, 2024 | 2:28 am
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Amazon's lower Q3 revenue forecast, attributed to the Paris Olympics and an assassination attempt on Trump, led to a nearly 7% drop in after-hours trading. Economic challenges and consumer caution are also influencing spending patterns.
Amazon's finance chief cited major news events and economic challenges as reasons for the lower Q3 revenue forecast. This, combined with a second-quarter revenue miss, led to a significant drop in the stock price.
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