Whats Good And Whats Bad In The Amazon Earnings Report
Summary
Amazon stock took a dive Friday following its third-quarter earnings report, but Wall Street saw some good as well as the bad in the results.Reporting late Thursday, Amazon ( AMZN ) soundly beat earnings estimates but revenue fell short of views."For the time being, the core retail business is entering a phase of slower growth," KeyBanc Capital markets analyst Edward Yruma wrote in a note to clients.But its Amazon Web Services unit continues to be a bright spot, Jefferies analyst Brent Thill says."Our checks continue to point to AWS as the gold standard for public cloud and management highlighted recent momentum with enterprise customers," Thill said in his note to clients.
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