What's Going On With Amazon Shares Friday?
Portfolio Pulse from Dylan Berman
Amazon shares rose after the company reported better-than-expected Q3 2024 earnings, with EPS of $1.43 and sales of $158.9 billion. The company saw significant growth in North American, International, and AWS sales. Analysts adjusted price targets following the report.
November 01, 2024 | 2:19 pm
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Amazon's Q3 2024 earnings exceeded expectations with EPS of $1.43 and sales of $158.9 billion, leading to a 6.68% increase in share price. The company showed strong growth across all segments, prompting analysts to adjust price targets.
Amazon's better-than-expected earnings report, with significant growth in key segments, has positively impacted investor sentiment, leading to a notable increase in share price. The upward revision of price targets by analysts further supports a positive short-term outlook.
CONFIDENCE 100
IMPORTANCE 90
RELEVANCE 100