Amazon shares fall 4% after cloud unit reports weaker-than-expected growth

Quick Summary:

LONDON : Amazon shares fell 4 per cent in Frankfurt on Friday a day after the retailer's results showed weakness in its cloud computing unit and it forecast and lower-than-expected first-quarter revenue and profit.

Its shares fall as much as 5 per cent in after-market trading on Thursday.

FILE PHOTO: An Amazon delivery worker pulls a delivery cart full of packages during its annual Prime Day promotion in New York City, U.S., June 21, 2021.

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Category: EconomyBusiness

Markets: Singapore

Topics: Pulls Experience Shares Mediacorp Worker Amazon Delivery Cart Cent File Photo:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-02-07 @ 15:12:06 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 129 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 22 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 25956570

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