The High-Growth Stock Everyone's Talking About Today-Amazon

  The High-Growth Stock Everyone's Talking About Today-Amazon Although the stock market is doing well on Thursday, the waters may fluctuate a little in the future.   Investors saw the bright side of the earnings season as the stock market rallied on Thursday. Among them, the gains for the Dow Jones Industrial Average (DJINDICES:^DJI) were the most notable, while the S&P 500 (SNPINDEX:^GSPC) was only slightly behind. The Nasdaq Composite (NASDAQINDEX:^IXIC) had the smallest gains. As earnings reports continue to emerge, investors have had different views and insights into how various businesses are doing, thanks to these reports. Several high-profile growth stocks announced their results today, and share prices dropped sharply in after-hours trading. Now, let's take a closer look at how shares of e-commerce pioneer Amazon.com AMZN (NASDAQ) $3.599,92 -30,40 (-%0,84) fell sharply late on Thursday.

Amazon falls short and declines

Amazon.com shares were down nearly 1% in the regular session. However, the stock continued to decline hours after the second-quarter financial results were announced, losing more than 5%. At first observations, Amazon's numbers looked pretty healthy. In fact, net sales rose 27% this quarter to $ 113,1 billion, Net income was also up roughly 50% year-over-year to $7,8 billion, rising to $15,12 per share.

The High-Growth Stock Everyone's Talking About Today-Amazon

  In addition, the company easily overshadowed previous years' results by reporting 250 million items purchased during the most recent Prime Day event. Despite all this data, investors didn't like the company's guidance for the third quarter, appearing dissatisfied with the scale of Amazon's gains. Amazon's projections for the third quarter were $106 billion to $112 billion in revenue, representing only a sequential decline and a year-over-year gain of only 10% to 16%. For some, it has led to fears that Amazon will suffer as the post-pandemic economy reopens. However, Amazon has previously challenged those who oppose it, so there are those who think it's too early to trust the e-commerce giant just yet.  

Source: The Motley Fool

 

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