Amazon’s Dim Q3 Operating Income Outlook: Should You Hold the Stock?
Amazon AMZN delivered strong second-quarter results with revenues of $167.7 billion, surpassing the Zacks Consensus Estimate by 3.32%, while earnings per share of $1.68 significantly beat the consensus mark by 26.32%. Despite this strength, investors reacted negatively as the stock tumbled more than 7% in …