HomeAbout

TL;DR CNBC


Amazon says distraction of Olympics, Trump assassination attempt contributed to weak forecast - TL;DR CNBC

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

Tickers: ETSYAMZNW

Keywords: earningsbusiness newstechnologybreaking news: technologyamazon.com incinternetwayfair incetsy inc

Source: https://www.cnbc.com/2024/08/01/amazon-says-distraction-of-olympics-trump-shooting-caused-weak-guide.html


Developed by Leo Phan