Previous close | 0.0200 |
Open | 0.0200 |
Bid | 0.0100 |
Ask | 0.0900 |
Strike | 61.00 |
Expiry date | 2024-06-21 |
Day's range | 0.0200 - 0.0200 |
Contract range | N/A |
Volume | |
Open interest | 1.62k |
Amazon (AMZN) stock rose in extended-hours trading after its first-quarter earnings topped Wall Street estimates. CFRA Research Senior Equity Research Analyst Arun Sundaram credits the success to innovations in Amazon's e-commerce division driving improved retail margins, as well as AWS's position as a powerhouse among other cloud computing competitors. He also highlights the company's artificial intelligence initiatives, telling Julie Hyman and Josh Lipton that Amazon has a "very compelling stack of generative AI products and services" that are being reflected in its stock prices. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Melanie Riehl
Amazon reported first quarter earnings results on Tuesday.
Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and a new surge of advertising dollars from its Prime Video streaming service. “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said in a statement. Amazon held another discount event in late March, right before the end of the first quarter.