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You are here: Home / Top Stories / Earnings Results: Amazon stock gives up gains as CFO admits AWS growth rates are declining further

Earnings Results: Amazon stock gives up gains as CFO admits AWS growth rates are declining further

April 27, 2023 by MarketWatch.com - Top Stories

Amazon.com Inc. shares zoomed higher in extended trading Thursday after the company posted its biggest quarterly profit since 2021, but shares turned around after the company’s chief financial officer said in a conference call that cloud revenue is decelerating in the current quarter.

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