M&A radar: Here's why savvy UPS snapped up Roadie
That’s a big deal, and not a drone in sight.
– Amazon fell short of analysts’ estimates for revenue in its second-quarter results.
– It also gave weaker-than-expected outlook for third quarter revenue, which Amazon CFO Brian Olsavsky blamed on tough year-over-year comparisons to its business during Covid-19 lockdowns.
Amazon shares fell more than 6% in extended trading on Thursday after the company reported its first revenue miss in three years and gave weak third-quarter guidance.
Here’s how the company did:
– Earnings: $15.12 vs $12.30 per share, according to analysts surveyed by Refinitiv
– Revenue: $113.08 billion vs $115.2 ...