Amazon.com to Webcast Second Quarter 2024 Financial Results Conference Call
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Amazon a top pick at Bernstein ahead of eCommerce earnings
July 22, 2024 11:00 AM EDTAs the eCommerce earnings season approaches, Bernstein has identified Amazon (NASDAQ: AMZN) as its top pick, citing the company's operational income (OI) inflection. Bernstein analysts emphasize the need for growth in the eCommerce sector, noting that while Amazon shows promise, other companies struggle to gain momentum.
"We've been here before," says Bernstein, reflecting on the familiar mixed data landscape for eCommerce. They note that US eCommerce grew approximately 7% year-over-year in... More
BofA estimates $13.4bn in Amazon Prime Day GMV
July 19, 2024 8:14 AM EDTBank of America analysts estimate that Amazon's (NASDAQ: AMZN) recent Prime Day generated approximately $13.4 billion in gross merchandise volume (GMV), marking a significant 10% year-over-year increase.
This growth surpasses their initial estimate of 7% and underscores the robust performance of this year's event.
Amazon announced that over 200 million third-party (3P) items were sold during Prime Day, a 33% increase from last October's Prime Big Deal Days, although specific... More
