Amazon stock dipped on Friday following Amazon’s Q1 2022 earnings release, which included a loss of more than $7 per share for investors and the slowest growth rate the company has seen in 20 years or more, despite otherwise meeting market expectations. AWS and Advertising revenue continue to drive growth for the company.
While Q1 results and the forecast for Q2 point to challenges from excess capacity, inflationary pressures, and the leveling off of consumer demand post-pandemic, the obstacles appear temporary, and the company seems well-poised to perform well in the second half of the year and beyond.
Get the full Amazon Q1 2022 Earnings call report with Harvest Group takeaways here:
