Amazon forecasts quarterly revenue below estimates

Amazon forecasts quarterly revenue below estimates

The Star Online - Tech·2024-05-01 08:00

(Reuters) -Amazon.com forecast second-quarter revenue below Wall Street expectations on Tuesday, as it expects tepid spending from cost-conscious businesses on its cloud-computing services.

Amazon's first-quarter sales of $143.3 billion were higher than the $142.5 billion average according to LSEG data.

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