It doesn't look as favorable for LSPD tomorrow ...Amazon giveth and Amazon taketh away ...
There's a less likely chance now that US stock futures and all of the markets will bounce tomorrow.
Amazon stock forfeits gains after company warns on 'optimizations' from AWS customers.
Amazon reported first quarter earnings on Thursday that beat expectations and initially sent shares surging, but cautious comments regarding a slowdown in its key Amazon Web Services (AWS) cloud unit saw the stock reverse all of these gains in extended trading.
Amazon CFO Brian Olsavsky told investors on the company's earnings call AWS customers are continuing "optimizations" in their spending and guided to a notable slowdown in growth from the segment, spooking investors.
Amazon stock popped as much as 10% late Thursday as investors digested revenues, profits, margins, and current quarter guidance that all blew past Wall Street's expectations.
Amazon shares were down about 2% near 8:00 p.m. ET Thursday evening.