Tag Archives: amzn

Amazon Analysts Busy Cutting Price Targets After Q3

A number of analysts cut their price targets on Amazon.com (AMZN) stock after the e-tailer posted disappointing Q3 results late Thursday, including its biggest loss in more than a decade. Amazon third-quarter earnings missed the consensus estimate on revenue and the bottom line. Amazon faced weakness in international markets, slow sales of its Fire Phone and below-average sales of media products amid its continuing heavy spending on growth. Amazon

Amazon Q3 Loss Worse Than Expected, As Is Q4 Guidance

Heavy spending continues to dog Amazon.com, which late Thursday posted what was its biggest loss in more than a decade — one much deeper than Wall Street analysts had expected, sending shares falling in after-hours trading. Amazon (AMZN) posted revenue that rose 20% from the year-earlier quarter but fell shy of analyst views, as did the company’s Q4 revenue guidance. Total operating expenses rose 23.4% to $21.1 billion. Amazon stock was down 11%

Google Expands Delivery Service, Adds Fees

Internet search leader Google (GOOGL) has ended free shipping for its same-day delivery service but expanded the service to three more cities. The moves ratchet up its competition with e-tail leader Amazon.com (AMZN) in deliveries just ahead of the holiday shopping season. Google announced Tuesday that it had expanded its renamed Google Express service (it had been Google Shopping Express) to Boston, Chicago and Washington, D.C. Google also added