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Amazon forecasts quarterly revenue below estimates

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Amazon forecasts quarterly revenue below estimates

Apr 30, 2024 1:21 PM

April 30 (Reuters) - Amazon.com ( AMZN ) forecast

second-quarter revenue below Wall Street expectations on

Tuesday, as it expects tepid spending from cost-conscious

businesses on its cloud computing services.

The company expects revenue of $144.0 billion to $149.0

billion for the current quarter ending June, compared with

expectations of $150.07 billion, according to LSEG data.

(Reporting by Yuvraj Malik in Bengaluru; Editing by Anil

D'Silva)

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