AMZN

Amazon gave a revenue forecast that trailed analysts' estimates and recorded a big loss on its Rivian investment.

The Rivian markdown produced the company's first net loss in a quarter since 2015. And last quarter, Amazon hiked the price of its U.S. Prime membership for the first time in four years to $139 from $119. To offset some of those costs, Amazon earlier this month introduced a 5% surcharge for some of its U.S. sellers, the first such fee in its history. So far it's been a mixed bag, with ad-supported businesses struggling due in part to macroeconomic conditions and the war in Ukraine. Amazon is the latest company to join the pack in reporting disappointing ad revenue. Still, the segment grew 23% year over year, faster expansion than its ad peers. He added that the company is "squarely focused" on offsetting costs in its fulfillment network now that staffing and warehousing capacity are at normal levels. Revenue at Amazon increased 7% during the first quarter, compared with 44% expansion in the year-ago period. The second-quarter forecasts suggests growth could dip even further, to between 3% and 7% from a year earlier. That resulted in a total net loss of $3.8 billion. Profits are still taking a hit. Amazon recorded a $7.6 billion loss on its Rivian investment after shares in the electric vehicle company lost more than half their value in the quarter.

The company prepares to report its first quarter fiscal 2022 earnings results after the closing bell Thursday.

Aside from rising costs, and higher inflation, the company has had to deal with labor shortages. The company has had to navigate multiple headwinds impacting e-commerce business over the past year. This compares to the year-ago quarter when earnings came to $15.79 per share on revenue of $104.46 billion. In the three months that ended March, the Seattle-based company is expected to earn earn $8.13 per share on revenue of $116.29 billion. The question is, whether these trends can show enough early strength to revive the stock. Amazon shares are already down more than 11% year to date, including 8% just in the past thirty days alone.

Amazon.com Inc. projected sluggish second-quarter sales growth, as consumers reduce their online spending amid rising inflation and a return to pre-pandemic ...

(Updated - April 28, 2022 4:04 PM EDT). Amazon (NASDAQ: AMZN) reported Q1 loss per share of $7.56, worse than the analyst estimate of a profit of $8.36.

- Operating income (loss) is expected to be between $(1.0) billion and $3.0 billion, compared with $7.7 billion in second quarter 2021. - Net sales are expected to be between $116.0 billion and $121.0 billion, or to grow between 3% and 7% compared with second quarter 2021. (Updated - April 28, 2022 4:04 PM EDT)

Amazon Q1 2022 Earnings Report Recap · AMZN fell far short on earnings, matched on revenue · Amazon (AMZN) Financial Results: Analysis.

Amazon Web Services (AWS) revenue exceeded consensus estimates.12 These choices will be signaled globally to our partners and will not affect browsing data. Select personalised ads. Revenue of $18.3 billion from AWS, the company's high-margin cloud computing business, marked a 37% year-over-year (YOY) increase and beat analyst predictions. Investopedia does not include all offers available in the marketplace. Amazon stock fell by more than 9% in after-hours trading following the earnings release. To change or withdraw your consent choices for Investopedia.com, including your right to object where legitimate interest is used, click below. Earnings per share (EPS) were -$7.56, far below analyst predictions. Amazon said that AWS growth was driven by new commitments from customers across industries such as telecommunications, aerospace, sports, technology, and healthcare. Amazon's AWS business generates much higher margins than its e-commerce business. We also reference original research from other reputable publishers where appropriate. Amazon.com, Inc. (AMZN) reported mixed results in its Q1 FY 2022 earnings report.

Tech giant has seen a shopping slump and cost increases due to inflation, labor issues and supply chain challenges.

Amazon has a roughly 18% stake in the company and had a pretax loss of $7.6 billion due to its holdings. It said it expects its operating income for the current quarter to be between a loss of $1 billion and profit of $3 billion. It reported $7.87 billion in ad sales for the first quarter, up 23% from a year earlier. Workers at a second Staten Island facility are voting on unionization this week, and activists are targeting other warehouses throughout the country. The company may see additional cost pressures as it navigates continued attempts by warehouse employees to unionize. It fell to 12.9% during the last three months of 2021, according to Census Bureau data adjusted for seasonal factors. One bright spot continued to be the company’s cloud business, Amazon Web Services, where sales rose about 37% in the first quarter to $18.4 billion. The amount of products Amazon sold during the quarter was essentially flat from a year ago, and the company reported a 3% year-over-year drop in its online stores segment, which include product sales primarily on its flagship site and digital media content. It posted $7.7 billion in operating income during the second quarter of 2021. Mr. Olsavsky said the company is no longer constrained by labor or capacity issues. Revenue for the tech giant rose by about 7% for the January-to-March period, the slowest pace in about two decades as consumers returned to prepandemic habits and spent more money in person at stores. That’s the largest drop since the metric was first disclosed in 2016.