{"id":19287,"date":"2022-04-29T07:48:25","date_gmt":"2022-04-29T14:48:25","guid":{"rendered":"https:\/\/marketdepth.com\/?p=19287"},"modified":"2022-04-29T07:48:26","modified_gmt":"2022-04-29T14:48:26","slug":"amazon-stock-down-after-first-quarter-financial-results-%ef%bf%bc","status":"publish","type":"post","link":"https:\/\/marketdepth.com\/amazon-stock-down-after-first-quarter-financial-results-%ef%bf%bc\/","title":{"rendered":"Amazon Stock Down After First Quarter Financial results\u00a0\ufffc"},"content":{"rendered":"\n

Amazon.com, Inc.<\/strong> (NASDAQ: AMZN) shares down more than 10% after the Company announced after the Company announced financial results for its first quarter ended March 31, 2022.<\/p>\n\n\n\n

Bigger than Expected Net Loss<\/h5>\n\n\n\n

For the first quarter Amazon reported operating income<\/strong>\u00a0decreased to $3.7 billion in the first quarter, compared with $8.9 billion in first quarter 2021, and net loss<\/strong>\u00a0was $3.8 billion in the first quarter, or $7.56 per diluted share, compared with net income of $8.1 billion, or $15.79 per diluted share, in first quarter 2021. First quarter 2022 net loss includes a pre-tax valuation loss of $7.6 billion included in non-operating expense from our common stock investment in Rivian Automotive, Inc.<\/p>\n\n\n\n

“The pandemic and subsequent war in Ukraine have brought unusual growth and challenges. With AWS growing 34% annually over the last two years, and 37% year-over-year in the first quarter, AWS has been integral in helping companies weather the pandemic and move more of their workloads into the cloud. Our Consumer business has grown 23% annually over the past two years, with extraordinary growth in 2020 of 39% year-over-year that necessitated doubling the size of our fulfillment network that we\u2019d built over Amazon\u2019s first 25 years\u2014and doing so in just 24 months. Today, as we\u2019re no longer chasing physical or staffing capacity, our teams are squarely focused on improving productivity and cost efficiencies throughout our fulfillment network. We know how to do this and have done it before. This may take some time, particularly as we work through ongoing inflationary and supply chain pressures, but we see encouraging progress on a number of customer experience dimensions, including delivery speed performance as we\u2019re now approaching levels not seen since the months immediately preceding the pandemic in early 2020.”<\/p>Andy Jassy, Amazon CEO<\/cite><\/blockquote>\n\n\n\n

Among the other highlights from the report, Amazon emphasized Buy with Prime, a new benefit for Prime members in the U.S. that extends the convenience of shopping with Prime to online stores beyond Amazon.com. Prime members can shop directly from participating merchants\u2019 online stores using their Prime member benefits, including fast and free delivery, a seamless checkout experience, and free returns on eligible orders.<\/p>\n","protected":false},"excerpt":{"rendered":"Amazon.com, Inc. (NASDAQ: AMZN) shares down more than 10% after the Company announced after the Company announced financial results for its first quarter ended March 31, 2022. Bigger than Expected Net Loss For the first quarter Amazon reported operating income\u00a0decreased to $3.7 billion in the first quarter, compared with $8.9 billion in first quarter 2021,… View Article<\/a>","protected":false},"author":3,"featured_media":19073,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"pmpro_default_level":0,"footnotes":""},"categories":[10,31,17,7,16],"tags":[],"acf":[],"yoast_head":"\nAmazon Stock Down After First Quarter Financial results\u00a0\ufffc - MarketDepth<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/marketdepth.com\/amazon-stock-down-after-first-quarter-financial-results-\ufffc\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Amazon Stock Down After First Quarter Financial results\u00a0\ufffc - MarketDepth\" \/>\n<meta property=\"og:description\" content=\"Amazon.com, Inc. (NASDAQ: AMZN) shares down more than 10% after the Company announced after the Company announced financial results for its first quarter ended March 31, 2022. Bigger than Expected Net Loss For the first quarter Amazon reported operating income\u00a0decreased to $3.7 billion in the first quarter, compared with $8.9 billion in first quarter 2021,... 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