Amazon reported an unexpected loss of $-7.56 versus an expected gain of $8.36. The Rivianan impact seems to be more than expectations.
- Revenues though came in about as expected at 116.4 billion versus expectations of 116.3 billion
- Expectations for next quarter revenue of $116 billion to -$121 billion versus streets estimate of $125 million
- AWS grows at 37% year-over-year
- Subscription services revenue $8.4 billion versus $8.6 billion estimate
- AMZN stock is currently down around -7.7%