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Benzinga

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Adam Eckert

Why Amazon Shares Are Falling Today

Amazon Amazon.com Inc. Nasdaq

Amazon.com Inc (NASDAQ:AMZN) shares are trading lower Friday after the company reported first-quarter financial results and issued second-quarter guidance below analyst estimates.

Amazon said first-quarter revenue increased 7% year-over-year to $116.4 billion, which beat the $116.3 billion estimate. The e-commerce giant reported a quarterly net loss of $7.56 per share, which included a non-operating expense from Amazon's investment in Rivian Automotive Inc (NASDAQ:RIVN).

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Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

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CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

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Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

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Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama Earthquake: State of Emergency Declared After 7.7 Quake, With More Than 100 Recorded Aftershocks

Panama declared a state of emergency after two powerful earthquakes struck within a day, injuring 27 people, damaging infrastructure and isolating communities with landslides and blocked roads

International Business Times UK

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

‘Deeply concerning’: Democratic congressional candidate rebukes ICE’s presence in New York

Darializa Avila Chevalier criticizes NYPD’s ‘inaction’ in protecting Marble Hill protesters after ICE shot a man

The Guardian - US

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Gunman kills pregnant woman, 2 children and 5 others in massacre of Pennsylvania family

Erie police chief said the scene was the most difficult and heartbreaking that he has encountered

The Independent UK

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

CBO chief warns it's 'probably not plausible' that a strong economy alone can steady U.S. debt as 5%-6% growth is needed—more than Bessent's 3% view

"So then we're left with changes in revenues and changes in spending, and those are inherently political choices."

One subscription that gives you access to news from hundreds of sites

Already a member? Sign in here

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns opens up about grief for World Mental Health Day

Knicks champion Karl-Anthony Towns is still grieving the loss of his mother six years ago to COVID-19

The Independent UK

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Despair after 200-year-old ‘grandmother’ tree toppled for Trump’s border wall: ‘It crushes your heart’

Protesters spent months occupying an ancient cottonwood. Then a tense standoff with US border patrol came to a head

The Guardian - US

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