Amazon's second quarter earnings report didn't turn out so hot. It managed to miss on revenue, if only just; analysts were looking for $148.56 billion, reports noted, and all Amazon could muster was $147.98. That's not exactly a huge miss-and it's still over a hundred billion bucks brought in-but it was enough to concern investors.
The top end of Amazon's projected range-$154 billion to $158.5 billion-was just barely over analyst projections that looked for $158.24 billion. That puts Amazon's odds of turning out an earnings beat in the next quarter pretty slim, and that meant deep concern from investors.
Amazon plans to up its competition with Walmart for digital media advertising sales by adding the Amazon Marketing Cloud to AWS Clean Rooms, improving advertising within current Amazon Web Services (AWS) accounts to boost revenue.
Collection
[
|
...
]