Amazon stock rises, then drops after beating Q1 estimates with $127.4B in revenue
GeekWire
APRIL 27, 2023
Net income was $0.31 Analysts were closely watching Amazon Web Services as it is a key profit driver but has faced slowing growth amid the broader tech spending slowdown and other macroeconomic conditions. He added that consumers are “still looking to stretch their budgets further” and are focused on value.
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