Amazon reported strong first-quarter results, wherein it beat both earnings and revenue estimates. The-commerce giant also provided an upbeat revenue outlook for the ongoing quarter.
Amazon has gained about 25% so far this year and outperformed the industry???s average growth of 5.2%. This outperformance might continue given that the online behemoth has reasonable chances of an earnings...
In March 2023, U.S. retail sales experienced a 1% sequential decline, better than market expectations of a 0.4% decrease.
The retail sector, which was on a roll ahead of the Q4 earnings, seems having trouble finding their footing due to rounds of weak earnings report from number of large retailers.
Walmart (WMT) reported fourth-quarter fiscal 2023 results, wherein it surpassed both earnings and revenue estimates but issued a weaker-than-expected outlook for the full year.
Overall, the retail sector is expected to report an earnings decline of 32% on 5.1% revenue growth. The earnings season is coming to an end, with about 50% of the companies only from this sector yet to...
Retail sales in the United States increased 3% sequentially in January of 2023, the biggest increase since March of 2021.
Forget candies, flowers, cards and clothes. Gift your valentine these ETFs instead.
Amazon (AMZN) disappointed investors following its fourth-quarter results. Though the e-commerce giant beat earnings and revenue estimates, it posted the least profitable holiday quarter since 2014 and...
Retail sales in the United States fell 1.1% sequentially in December 2022. Year-over-year, retail sales grew 9.2%.