Post by Nathan Worden | Commonstock | Will Amazon earnings follow the rest of big tech?

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Nathan Worden

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@nathanworden April 27

Will Amazon earnings follow the rest of big tech?

Google and Microsoft had better than expected earnings. Will Amazon follow suit?

$AMZN will be over $112/share on 2023-04-28?

Validated to: No

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15 Votes

Young Money Capital

@youngmoneycapitalApril 27

I think better than expected results is a given at this point. Its been running up the past couple of days due to other big tech earnings. The read through is pretty strong. They’re going to need to crush earnings to be up.

Nathan Worden

@nathanwordenApril 27Author

@youngmoneycapital Good point— they've already gotten a bump from the other tech companies results. If they don't surprise to the upside even more, they'll have to give some of that goodwill back.

Nathan Worden

@nathanwordenApril 27Author

So far the market is happy...

Nathan Worden

@nathanwordenApril 27Author

Wow total reversal after hours. We're down to $106.

Rihard Jarc

@rihardjarcApril 28

@nathanworden AWS April numbers not really that good in the short-term, spooked investors a bit.

Nathan Worden

@nathanwordenApril 28Author

@rihardjarc and guidance was underwealming too, no?

Rihard Jarc

@rihardjarcApril 28

@nathanworden I mean the only reason why it tanked after the spike was April AWS revenue -500BP vs Q1, which implies 11% YoY growth, while investors at first with the Q1 16% YoY growth thought AWS revenue growth is turning around and will start to grow again. Outside of AWS the other stuff is doing very well with the Ad part being super positive at 20% YoY growth