Amazon’s (NASDAQ:AMZN) third-quarter results reflected the impact of macro pressures on the company’s e-commerce and cloud computing businesses. Its guidance for the holiday quarter indicates a slowdown in revenue growth as inflation and fears of an impending recession are impacting consumer spending. Nonetheless, Wall Street analysts remain bullish about Amazon’s long-term prospects even though near-term pressures persist. Amazon Focusing on Productivity After reporting two straight quarters of losses, Amazon generated a net income of $2.87 billion or $0.28 per share in Q3. However, net income declined 9% year-over-year. The company’s North America and International retail divisions reported operating losses in the quarter.
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Amazon.com (NASDAQ:AMZN)
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