June 17, 2024
Amazon made earnings look better

Amazon made earnings look better

Wall Street analysts expected the first quarter to be bad, as investors continue to bite their nails over the prospect of a recession, but after a tidal wave of quarterly financial results from corporate America last week, led by online retail behemoth Amazon.com Inc., there are signs of a little less anguish.

Throughout April, Wall Street analysts lowered their second-quarter profit expectations for the 500 companies that make up the S&P 500 index SPX by a smaller margin than normal, FactSet Senior Earnings Analyst John Butters…

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