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Amazon CEO Andy Jassy Says Many Shoppers Are “Stocking Up” To Get Ahead Of Tariffs – Update
Amazon made a tacit acknowledgement of the uncertain economic climate, offering lower-than-expected profit guidance, causing a slide in its stock price.
Amazon corporate office building in Sunnyvale, CaliforniaGI Amazon made a tacit acknowledgement of the uncertain economic climate, offering guidance in its quarterly earnings report that fell short of Wall Street expectations. The guidance for second-quarter operating income was included in the company’s report of first-quarter results, which saw earnings and revenue both beat analysts’ forecasts. After the earnings release hit the wire after the close of the market day, shares in Amazon fell nearly 4% in after-hours trading.
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