Amazon's first quarter results were better than analysts expected, with the tech giant beating on both the top and bottom lines. Despite the earnings beat, Amazon (AMZN) executives struck a cautious tone, citing concerns over what lies ahead for the economy. Yahoo Finance's Brad Smith, Rachelle Akuffo, and Allie Garfinkle were listening in to the company's earnings call and shared their thoughts "After the Call." Garfinkle says the analysts she spoke to still have concerns about a slowdown in its cloud-computing business. She also notes there are also some questions about the company's cost-cutting path. Key video moments 00:00:10 Why Amazon's shares reversed course after hours 00:00:50 Why Amazon is like an iceberg 00:01:07 AWS concerns 00:01:32 Amazon's cost-cutting story Read More...
Amazon’s first quarter results were better than analysts expected, with the tech giant beating on both the top and bottom lines. Despite the earnings beat, Amazon (AMZN) executives struck a cautious tone, citing concerns over what lies ahead for the economy.
Yahoo Finance’s Brad Smith, Rachelle Akuffo, and Allie Garfinkle were listening in to the company’s earnings call and shared their thoughts “After the Call.” Garfinkle says the analysts she spoke to still have concerns about a slowdown in its cloud-computing business. She also notes there are also some questions about the company’s cost-cutting path.
Key video moments
00:00:10 Why Amazon’s shares reversed course after hours
00:00:50 Why Amazon is like an iceberg
00:01:07 AWS concerns
00:01:32 Amazon’s cost-cutting story
Read More
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