Amazon Misses Estimates as Online Sales Slows

Amazon Misses Estimates as Online Sales Slows

Amazon announced weaker Q2 sales than estimates at $113.1bn vs. forecasts of $115.2bn. Nevertheless, this was its third consecutive quarter of over $100bn in sales. Revenues grew 27% YoY and profits were at $7.8bn in the quarter, up 48% YoY. Amazon’s core online store...
Amazon Upgraded To AA as S&P Joins Fitch

Amazon To Buy MGM For $8.45 Billion

Amazon agreed to buy MGM Studios for $8.45bn, its second largest acquisition after that of Whole Foods in 2017 which was worth $13.7bn. The announcement comes a week after they were in talks for the MGM acquisition. The acquisition is expected to help its Amazon...
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