Review & Preview: Earnings Storm
Disappointing results from IBM and ServiceNow weighed on tech stocks. Chip stocks managed to still thrive, though.
| Ticker |
AMZN
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| CIK | 0001018724 |
| SIC | 5961 |
| Sector | Retail Trade |
| Industry Category | Retail |
| Industry Group | Retail – Non-Store Retailers (Catalogs, Etc.) |
| Address | 410 TERRY AVENUE NORTH, SEATTLE, WA, 98109 |
| Website | amazon.com |
| Phone | 2062661000 |
| CEO | Andrew R. Jassy |
| Employees | 1,541,000 |
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Standardized FinancialsdocsIntrinio provides professional-grade historical financial data. This data is standardized, cleansed and verified to ensure the highest quality data sourced directly from the XBRL financial statements. The primary purpose of standardized financials are to facilitate comparability across a single company’s fundamentals and across all companies fundamentals. For example, it is possible to compare total revenues between two companies as of a certain point in time, or within a single company across multiple time periods. This is not possible using the as reported financial statements because of the inherent complexity of reporting standards. Below is a preview of several data points from each financial statement, as well as a sample of our many calculated metrics: |
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Latest NewsdocsIntrinio provides up-to-date news articles on every US company from various sources. Here are several examples: |
Review & Preview: Earnings StormDisappointing results from IBM and ServiceNow weighed on tech stocks. Chip stocks managed to still thrive, though. Meta plans 10% layoffs as AI spending soars: sourceMeta plans to cut a tenth of its workforce, looking for productivity gains from its remaining workers as it invests heavily in artificial intelligence.Meta is locked in a bitter rivalry with other tech behemoths racing to invest heavily in AI, aiming to ensure the technology generates profits in the not-so-distant future. Bezos’ Physical AI Lab Has Closed Round at $38 Billion Value(Bloomberg) -- Project Prometheus, the artificial intelligence lab that Amazon.com Inc. founder Jeff Bezos is leading with Google veteran Vik Bajaj, has closed a $10 billion funding round that values the company at roughly $38 billion, according to a person familiar with the situation.Most Read from BloombergAnthropic’s Mythos Model Is Being Accessed by Unauthorized UsersMeta Tells Staff It Will Cut 10% of Jobs in Push for EfficiencyInside Alex Cooper’s Unwell: Tears, Screaming and Employees Loo Meta set to layoff 10% of its staff as it pushes for AIThis is expected to be the first round of sweeping layoffs, set for May 20, with a second round scheduled for the second half of the year. Nasdaq Slides. Earnings Fail to Save the Day.The Nasdaq slipped from record highs on Thursday after the first big wave of tech earnings failed to save the day. The Dow dropped 180 points, or 0.4%. The S&P and Nasdaq finished Wednesday at closing highs. |