Amazon's $113 billion in revenue fell short of expectations, unnerving investors.
The e-tailer’s $113.08 billion in revenue over the second quarter missed expectations of $115.06 billion, and with its third-quarter outlook projecting sales of $106 billion to $112 billion — not the $118.90 billion expected — shares dropped as much as 5 percent in after-hours trading.
But in the period between April and June, as more vaccinations went out and more regions fully reopened, brick-and-mortar retailers anticipated a COVID-19 weary public flooding back to stores.Those broad outlines are shaded with plenty of uncertainty, however. Surging infections due to the Delta variant are poised to throw regional and statewide reopenings into disarray, not to mention back-to-school plans, which can reshape shopping behaviors once more.
If consumers who might normally shop at Amazon can’t get the goods they need, they will continue to hit up alternative sources, like Target and Walmart. People may also redirect their personal budgets away from buying things to activities, he noted. “A greater amount of discretionary income is going to things consumers were unable to do during the pandemic, such as travel,” Forte added.
Not that there weren’t bright spots in the report. One appears to be Amazon Web Services, from where new chief executive officer Andy Jassy hails. So while Wall Street might be holding its breath, others are choosing to look on the bright side, focusing on AWS and other parts of the business.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Amazon Misses on Q2 Revenue, Profit Jumps 50% to Beat Earnings EstimatesAmazon grew total sales in the second quarter of 2021 by 27% to $113.1 billion — a record for Q2 — but that was lighter than investors had expected, given in part that Prime Day shoppin…
Consulte Mais informação »
Amazon hit with record EU data privacy fineAmazon.com Inc (AMZN.O) has been hit with a record $886.6 million (746 million euros) European Union fine for processing personal data in violation of the bloc's GDPR rules, as privacy regulators take a more aggressive position on enforcement.
Consulte Mais informação »
Amazon Kindle: Is Yours About To Stop Working?Some earlier Kindle ebook readers will lose connectivity in the coming months, but Amazon has a solution.
Consulte Mais informação »
These Are The Best Skincare Products For Fine Lines And Wrinkles You Can Get On AmazonSkip the Botox.
Consulte Mais informação »
Amazon predicts slower sales growth as Covid boost easesThe tech giant says third quarter sales growth will be slower as customers return to physical shops.
Consulte Mais informação »
Amazon hit with $886 million EU data privacy fineAmazon.com Inc (AMZN.O) has been hit with an $886.6 million (746 million euro) European Union fine for processing personal data in violation of the EU's General Data Protection Regulation (GDPR), the e-commerce giant said on Friday.
Consulte Mais informação »