Amazon’s growth continues to slow after surging in pandemic
Posted On April 28, 2022
Amazon made a boatload of money during the first quarter of 2022. But investors, having grown used to Amazon’s rocket-like trajectory during the pandemic, haven’t quite adapted to the fact that it’s no longer accelerating quite so fast.
Despite notching $116.4 billion in sales from January through March of this year — up nearly 8 billion year over year — Amazon’s stock took a dive in after-hours trading, falling by about 10 percent before stabilizing a bit higher.
The problem wasn’t that Amazon had underperformed in Q1, but that Amazon projected a slower Q2 than analysts had hoped for. Analysts wanted to see Amazon projecting $125.5 billion in sales, according to CNBC, but instead, the company only expects sales to come in from $116…