Amazon is growing after Quarterly Report

05 August 2022 147
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As expected, Amazon shares were trading in the range of 102 - 125 before the date of publication of the quarterly report.

The next day after report we saw the gap up as much as 11%. And this is despite the fact that the earnings per share turned negative. But Amazon's advertising business is developing rapidly, plus it is expected that by the end of the year drone delivery will be carried out in Texas and California. The forecast for the third quarter is good, so negative earnings per share did not become a disaster.

The share price jumped to the level of 135 and has already consolidated above it, continuing to grow towards the next targets of 148 and 160.

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