Making Financial Headlines · Page 9
Amazon Misses Twice and Gets a Smaller Target, Not a Complete Farewell
· New York time
Amazon delivered a rare double miss in its quarterly results, prompting CNBC's Investing Club to cut its price target while saying the picture was not entirely bad. The result fell short on two measures and gave analysts a reason to reassess expectations for a company with a broad range of businesses. A reduced target is an assessment of the shares, not a change to the quarter that has already been reported. It also leaves room for a mixed view: a rough result can coexist with parts of the business that an analyst still finds promising. Amazon's scale makes it tempting to turn every quarterly surprise into a verdict on the whole company. This time, the report card had enough weak spots to require an adjustment, but not a ceremonial closing of the book. The market's red pen came out, and the analyst kept reading.
Read this story in the full newspaper →Satire. Not factual reporting. Read the original reporting from the linked publishers.