• Skip to main content
  • Skip to header right navigation
  • Skip to site footer
Bautis Financial

Bautis Financial

Secure your Castle, Achieve your Dreams.

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Amazon Stock Sell-Off After Q2 Revenue Results Were Released – Daily Flash Briefing

July 30, 2021 by Bautis Financial
Amazon Shares Dropped

Shares of Amazon.com slid 7% today as investors digested disappointing Q2 results.

Shares of Amazon.com, the world’s biggest e-tailer, slid 7% in Friday trading as investors digested disappointing Q2 results that came against tough comparisons from last year and the thought that consumers will return to old brick-and-mortar shopping habits. 

In Q2, Amazon declared $113 billion in revenue, up 27% year over year. However, this was a deceleration from the 44% revenue growth in the first quarter of 2021, and was shy of the 29.4% growth that the consensus analyst estimate called for.

But is the market’s response to this worse-than-expected revenue growth an overreaction? Considering how tough of a year-ago comparison Amazon was up against in the quarter, probably. Let’s not forget how the COVID-19 shut down led to Amazon’s massive growth in 2020. By comparison, Amazon’s Q2 2020 revenue soared 40% year-over-year.

Amazon Chief Financial Officer Brian Olsavsky said that he expects “this pattern of difficult year-over-year revenue comps to continue for the next few quarters.”

Investors should take some time to appreciate Amazon’s strong profitability. Net income in the quarter was $7.8 billion, or $15.12 per share. This was up from $10.30 per share in the second quarter of 2020 and easily surpassed analysts’ average forecast for earnings per share of $12.30.

Get instructions on how to enable our Flash News Briefing skill to your Amazon devices:

Bautis Financial’s Amazon Alexa Daily Flash News Briefing
Category: Finance News, InvestmentsTag: Amazon, Amazon Stock, investing, Investments, quarter earnings, Stock, Stock Market
Previous Post: « 3 Short-Term Strategies to Help You Win Big in the Long Term 3 Short-Term Strategies to Help You Win Big in the Long Term
Next Post: Market Recap Week of 7/26/2021 Through 7/30/2021 – Daily Flash Briefing Stock Trader Assessing the Stock Market »

Subscribe to Our Insights

Sign up to receive valuable financial insight and updates straight to your inbox each week.

Social

Follow along on social media

Contact

Bautis Financial
7 North Mountain Ave
Montclair, NJ 07042
Get directions
862-205-5800
Contact

Navigation

  • Schedule a Call
  • Podcasts
    • Agent of Wealth
    • Clear a Path
  • About
    • Our Approach
    • Our Team
    • Our Difference
  • Who We Work With
    • Individuals and Families
    • Small Business Owners
    • Retirees and Pre-Retirees
    • 401k Plan Sponsors
  • Insights
    • Blog
    • Business Valuation Advisor
    • College Planning Hub
    • Discover How
    • Learning Center
    • Risk Score
  • Client Access
    • Wealth Center
    • Orion

Copyright © 2023 · Bautis Financial · All Rights Reserved · Powered by Mai Theme

Return to top