The Guardian · AI
Amazon reports mixed results and cautious fourth-quarter sales outlook
Amazon reported high cloud computing sales, but its fiscal third-quarter performance fell short of Wall Street analysts’ expectations. The e-commerce company also took a cautious view of sales in the current fourth quarter, which covers the crucial holiday shopping season. Together, the results and forecast presented a mixed financial picture.
What to know
- 01
Cloud computing sales were high, but fiscal third-quarter results missed Wall Street analysts’ expectations.
- 02
Amazon issued a cautious sales forecast for the fourth quarter, which includes the critical holiday shopping period.
Why it matters
Amazon’s cautious sales forecast is notable because the fourth quarter includes the critical holiday shopping period.
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