“Amazon” expects below-estimated sales in the second quarter . for this reason

Amazon.com expects second quarter sales of questyear will be lower than Wall Street estimates, due to customers’ reluctance to spend non-core in light of economic uncertainty, as well as stiff competition for its cloud computing businesses.

Sales of the company in North America, its largest market, increased 8%, while operating expenses increased 16% to $ 71 billion, resulting in an operating loss of $ 1.6 billion per unit in the first quarter of the year. .

Amazon Web Services unit revenue increased 37% to $ 18.4 billion, slightly more than analysts’ estimates.

The largest retailer online of the world expects net sales of between $ 116 billion and $ 121 billion in the second quarter of 2022.

Analysts had expected $ 125.48 billion, according to Refinitiv’s IBES data.

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