The consecutive Federal rate hikes have led the tech-heavy NASDAQ Composite to decline 33.4% year-to-date. E-commerce giant Amazon.com, Inc. (AMZN) has gained 5.3% over the past three months. However, it has lost 32.3% year-to-date.
Moreover, the company's net loss came in at $2.03 billion compared to an income of $7.78 billion in the year-ago period, while its loss per share came in at $0.20 compared to an EPS of $0.76 in the prior-year period. Also, analysts expect its EPS to decline 96.9% year-over-year to $0.10 in 2022.
