not vested
Amazon.com on July 31 forecast third-quarter sales above market estimates, but failed to live up to lofty expectations for its Amazon Web Services (AWS) cloud computing unit after rivals handily beat Wall Street forecasts.
AWS profit margins also contracted.
Amazon said they were 32.9 per cent in the second quarter, down from 39.5 per cent in this year’s first quarter and 35.5 per cent a year ago.
The second-quarter margin results were at their lowest level since the final quarter of 2023.
Source: Phillips