Amazon stocks hadn`t matched expectations and dropped

Investors has been disappointed because of Amazon shares matched expectations: company has promised a record income equal $3bn. But Thursday news gave bad conclusion – internet retailer has demonstrated only $1bn profit over the last month.  

As a result of the indicators, companies' shares lost 9% in few hours trading – it is the smallest closing per one day since May 2018. 
Let's have a talk about numbers: 
At the peak of session Amazon stock cost 1796 per one (+5,4%), but then it dropped to $1650 and lost 7,7%. Important thing that copany has been able to get revenue in range of $66,5-72,5bn, however, traders were not inspired by such figures. Investors wanted to see earnings no less than $73.79.   

Amazon predicts increase of sales by 10%-20% during the fourth quarter of 2018 in compare at the same time with previous year. It means that company waiting for profit in range of $2,1-3,6bn and such numbers is also smaller than Wall Street expectations – 3,9 bn. 
Nowadays, Amazon consists of two huge businesses: great retail internet platform and a profitable cloud service. 

"Amazon Business has now reached a $10 billion annual sales run rate and is serving millions of private and public-sector organizations in eight countries," said Amazon Chief Executive Officer Jeff Bezos. 
“And we’re not slowing down – Amazon Business is adding customers rapidly, including large educational institutions, local governments, and more than half of the Fortune 100. These organizations are choosing Amazon Business because it increases transparency into business spending and streamlines purchasing, with increased control. The team is doing a fantastic job building and innovating for customers,” added businessman in the report. 
You can trade Amazon shares on our site and get a great profit! 

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