digital fundamentals 10th edition amazon

'They are rolling out really good product initiatives … They have sped up delivery and they have increased their in-stock inventory. It also gave Mahaney optimism that the worst is now over for Amazon, which he said is 'executing really well.' He predicts accelerating revenue growth for the second half of the year, and margin expansion in spite of inflationary headwinds.

' it didn't happen and, in fact, you've got an inflection point here at Amazon.' Investors were cheered by Amazon's positive outlook, which pointed to still-resilient consumer demand and came despite a worsening outlook for U.S. 'This company is all about consumer discretionary spend, and that must be weakening,' he said. He highlighted that expectations were for Amazon to lower its guidance, however, given the risk of a global recession. 'Amazon put in better-than-expected numbers for the June quarter and then issued a guide for the September quarter that was roughly in line,' Mahaney, head of internet research at Evercore ISI, told CNBC 'Street Signs Asia' on Friday. It was stung by a $3.9 billion loss on its Rivian investment, but saw revenue growth that beat expectations.

That stock is Amazon, which posted an overall loss of $2 billion for the quarter ended June.

All five FAANG stocks have now reported earnings this quarter - and for Evercore ISI's Mark Mahaney, the worst is now firmly behind one of the tech giants.

Digital fundamentals 10th edition amazon