Amazon (AMZN) stock felt  in extended trading on Thursday  after the company recorded the slowest  rate for any quarter  since the dot-com bust in 2001.

This is how the corporate did:

• Earnings:  $7.38 per share, adjusted, vs. $8.36 anticipated, in keeping with Refinitiv
• Income:  $116.44 billion vs. $116.3 billion anticipated, in keeping with Refinitiv

This is how different key Amazon segments did in the course of the quarter:

• Amazon WEB Companies: $ 18.44 billion vs. $18.27 billion anticipated, in keeping with Street Account
• Promoting:  $7.88 billion vs. $8.17 billion anticipated, in keeping with Street Account
• Amazon Web Services:$ 18.44 billion vs. $18.27 billion expected, according to Street Account Advertising:$7.88 billion vs. $8.17 billion expected, according to Street Account

Amazon  recorded a $7.6 billion loss  on its  Rivian  funding after shares within the electrical car firm misplaced greater than half their worth within the quarter. That resulted in a complete internet lack of $3.8 billion.

Income at Amazon elevated 7% in the course of the first quarter, in contrast with 44% growth within the year-ago interval. It marks the slowest fee for any quarter because the dot-com bust in 2001 and the second straight interval of single-digit development.

The second-quarter forecasts suggests development might dip even additional, to between 3% and seven% from a yr earlier. Amazon  stated it initiatives income this quarter of $116 billion to $121 billion, lacking the $125.5 billion common analyst estimate, in keeping with Refinitiv.

(Photo/Image: Casimiro PT)