China's ecommerce giants revamp strategy to get round new US rules
The ecommerce titans are quickly adapting their business models in the face of greater regulatory ...
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
GM: RAISING THE ROOF GGM: IN FULL THROTTLE GZIM: MAERSK BOOST KNIN: READ-ACROSSMAERSK: NOT ENOUGHMAERSK: GUIDANCE UPGRADEZIM: ROLLERCOASTERCAT: HEAVY DUTYMAERSK: CATCHING UP PG: DESTOCKING PATTERNSPG: HEALTH CHECKWTC: THE FALLGXO: DEFENSIVE FWRD: RALLYING ON TAKEOVER TALKODFL: STEADY YIELDVW: NEW MODEL NEEDEDWTC: TAKING PROFIT
CNBC reports:
Amazon shares plummeted as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.
Here’s how the company did:
– Loss: Loss per share of $7.56
– Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv
(…) Amazon recorded a $7.6 billion loss on its Rivian investment after shares in the electric vehicle company lost more than half their value in the quarter. That resulted in a total net loss of $3.8 billion…
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Here’s how AMZN fared on the news in after-market trade (click to expand):
Seeking Alpha: “Amazon posts net loss of $3.8B, revenue meets expectations at $116.4B” (free reg. is required).
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