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In the recent first quarter of 2022, Amazon stock reported mixed results. The company fell short on its earnings but did match expectations for revenue. This was the first time in at least four years that the company reported a net loss. Furthermore, Amazon also expects slower outlook growth of between 3% and 7%. This has definitely raised concerns for some investors and thus Amazon stock have took quite a beating and have decreased over 28%.
The company saw 30-40% expansion in revenue growth in 2021. Like many tech giants, the company is attributing the decline to macroeconomic factors as well as Russia’s invasion of Ukraine. After the announcement, the shares have plunged by about ~20+%. Have the fundamentals of the business changed? So let’s take a closer look at its main business and financial outcomes in order to better assess Amazon’s overall performance.
Let’s take a look at what Amazon has to offer. Let’s find out!
https://learntoinvests.com/amazon-stock/
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