Amazon, Pinterest, Snap
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 28 April 2023
⏱️ 11 minutes
🧾️ Download transcript
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Seeking Alpha's Wall Street Breakfast brings the top news to investors every morning. Released by 8:00am ET, it's all the news you need to know for your market day.
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Transcript
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| 0:00.0 | Welcome to Seeking Alpha's Wall Street breakfast, where we cover the top news for investors every morning. |
| 0:07.0 | Good morning, it's finally Friday and the last Friday of April, April 28th, and I'm your host Julie Morgan. |
| 0:14.4 | Amazon Snap and Pinterest are a few of the companies that reported earnings on Thursday. |
| 0:19.7 | Pre-market Snap is down the most at 19%. |
| 0:24.0 | Urgent rescue talks for First Republic, |
| 0:26.5 | but the question is, will the US government get involved? |
| 0:30.1 | Cannabis stocks saw a jump on Thursday. |
| 0:32.6 | This happening after the bipartisan safe banking bill is reintroduced. |
| 0:37.5 | Our top story. |
| 0:39.6 | Amazon was one of the big names that reported earnings on Thursday. |
| 0:43.5 | Seeking Alpha, Associate News Editor Kevin Curran has the details on what the company had to say. |
| 0:49.2 | The power of an earnings call was clearly demonstrated on Thursday evening as Amazon reversed course sharply. |
| 0:55.4 | While the stock initially made a double digit gain after reporting operating income above expectations |
| 1:00.3 | for the first quarter and setting a strong guide for Q2 quickly gave up those |
| 1:04.8 | gains and is now down about 3% in pre-market trading. The initial jump came as |
| 1:09.9 | the AWS business notched 21.35 billion dollars in sales well above the the |
| 1:15.0 | a W.S business notched 21.35 billion dollars in sales, well above the $21 billion consensus and up 16% from the past year, |
| 1:19.0 | as well as operating income that was about 4.8 billion in comparison to a consensus expectation of just |
| 1:25.8 | 3 billion. However, the Seattle-based Tech Giant's stock quickly erased over 11% gain in |
| 1:31.9 | after hours trading as executives explained the path ahead for |
| 1:35.4 | AWS and an uncertain year for tech spending. CEO Andy Jassy said |
| 1:40.2 | quote given the economic uncertainty customers of all sizes in all industries |
... |
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