Amazon earnings not good. Loss of -$7.56 vs gain of $8.36 expected

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%
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