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Amazon’s stock falls after it posts disappointing earnings and revenue miss

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Amazon’s stock falls after it posts disappointing earnings and revenue miss

Shares of Amazon.com Inc. fell more than 7% in late trading today after the company missed expectations on earnings and revenue and reported rising negative free cash flow as it continues to throw billions of dollars at its cloud infrastructure build out.

Directly affected

  • AMZN Amazon Com+1.4% 30d

    Named in this report.

Indirectly affected

  • XLY Consumer Discretionary Select Sector SPDR+2.2% 19d

    Consumer Discretionary Select Sector SPDR holds the consumer sector that Amazon.com belongs to, so it often moves with news about it.

  • CPNG Coupang-2.2% 30d

    Coupang is a peer of Amazon.com in catalog and mail-order houses; rivals often move on the same news.

  • CDW Cdw+5.8% 30d

    Cdw is a peer of Amazon.com in catalog and mail-order houses; rivals often move on the same news.

  • W Wayfair

    Wayfair is a peer of Amazon.com in catalog and mail-order houses; rivals often move on the same news.

  • CHWY Chewy+4.3% 30d

    Chewy is a peer of Amazon.com in catalog and mail-order houses; rivals often move on the same news.

  • NSIT Insight Enterprises+14.9% 30d

    Insight Enterprises is a peer of Amazon.com in catalog and mail-order houses; rivals often move on the same news.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
AMZNNo price data for this ticker———————
XLYNo price data for this ticker———————
CPNGNo price data for this ticker———————
CDWNo price data for this ticker———————
WNo price data for this ticker———————
CHWYNo price data for this ticker———————
NSITNo price data for this ticker———————

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

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Amazon’s stock falls after it posts disappointing earnings and revenue miss SiliconANGLE

Source: SiliconANGLE

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This story

12 out of 100

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