CEO Andy Jassy Just Delivered Tremendous News to Amazon Investors
Amazon just reported blowout earnings results.
Overview
Heading into Amazon’s (NASDAQ:AMZN) second-quarter earnings print, the stock had struggled to overcome fears of overinvestment in artificial intelligence and deteriorating free cash flow (FCF).
But it turns out the market is willing to reward companies that take big bets, as long as there is evidence of big returns.
Details
Amazon reported blowout second-quarter earnings results, crushing Wall Street consensus estimates for earnings and revenue, even as it raised its full-year capital expenditure guidance.
Source
Originally published at www.fool.com.
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