Amazon says consumers cautious, forecasts revenue below Wall Street targets
By Reuters Published Aug 2, 2024 Amazon.com reported slowing online sales growth in the second quarter and said cautious consumers were seeking out cheaper options for purchases, sending shares down nearly 8%. Reuters The after-hours stock drop came despite second-quarter profit and cloud computing sales that beat analyst estimates. Amazon shares had gained over 20% [...]read moreAmazon says consumers cautious, forecasts revenue below Wall Street targets