Amazon (AMZN) stock surged in after-hours trading on Thursday following a strong third-quarter earnings report that topped Wall Street’s expectations. The company’s results were driven by solid growth in its cloud and advertising businesses, which continue to be significant contributors to Amazon’s revenue growth. Quarter Highlights Amazon reported third-quarter revenue of $158.9 billion, marking [...]
Amazon (AMZN) reported second-quarter earnings and spoke on its growing AI business, which was enough for some analysts to stand by their price targets. But as the stock continues to fall, VectorVest sees reason to consider selling it today. The online marketplace reported revenue of $147.98 billion, just short of the $148.56 billion consensus [...]
Online pet product retailer Chewy Inc. (CHWY) skyrocketed 30% last week after reporting an impressive first-quarter performance on both the top and bottom lines. The company’s sales were up 3% to $2.88 billion, driven in part by growth in auto-ship orders of 6%. Meanwhile, improvements in net sales per active customer of 10% suggest [...]
Ebay Inc. (EBAY) is up more than 8% so far Wednesday morning after delivering impressive Q4 earnings alongside optimistic guidance for the current quarter. The online marketplace grew revenue to $2.56 billion from $2.51 billion this time last year, narrowly outperforming the FactSet consensus of $2.51 billion. This was coupled with a net income [...]
Chewy (CHWY) fell more than 11% this morning after the online pet supply store delivered third-quarter earnings with a mixed bag of results. While revenue lagged, an earnings beat was a positive surprise. The company reported revenue of $2.74 billion, a slight improvement year over year compared to the $2.53 billion reported in 2022. [...]
Temu parent company PDD Holdings (PDD) reported third-quarter earnings that came in well above what analysts were expecting, sending shares more than 18% higher Tuesday morning. The Chinese holding company is known primarily for its fast-fashion brand Temu, which is quickly becoming a household name. It’s previously been compared to Shein, a foreign discount [...]
Shares of Wayfair (W) fell more than 6% in pre-market trading early this morning, but have since rebounded. The stock now sits 5% higher than yesterday’s close. This all came after the company delivered its third-quarter earnings. Wayfair reported dwindling sales as fewer and fewer customers shop with the online retailer. Total net revenue [...]
Amazon (AMZN) reported third-quarter earnings after the bell on Thursday and became the latest company to harness the power of AI to fuel growth. The e-commerce giant says that it is using AI for AWS (Amazon Web Services). CEO Andy Jassy says that the opportunity could manifest in tens of billions of dollars. The [...]
Threats of antitrust lawsuits and government intervention have been a concern for Amazon (AMZN) and its investors for years as the e-commerce giant gobbles up competition and appears more and more like a monopoly. But all this came to a head on Tuesday as the US government announced via the Federal Trade Commission (FTC) [...]
Wayfair (W) investors got a nice surprise Friday morning as Bernstein changed its viewpoint on the company from Underperform to Market Perform. This adjustment came from analyst Nikhil Devnani who raised the price target for W from $60/share to $65/share. Wayfair has been on a run over the long term, up nearly 48% in [...]
