Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast
Publishing timestamp: 2024-08-01 23:22:44
Summary
Amazon says consumers are distracted by world events like Olympics and election, making it tough to forecast third quarter. Revenue forecast falls short of expectations, with lower average selling prices due to cautious consumer spending. Other e-commerce companies also facing challenges. NBCUniversal benefits from Olympics ad revenue.
Sentiment: MIXED
Keywords: earnings, business news, technology, breaking news: technology, amazon.com inc, internet, wayfair inc, etsy inc,