Amazon Shares Fall About 4% Ahead of Quarterly Results
Amazon shares fell about 4% Thursday ahead of its after-hours results release. Investor Gene Munster cited weak Google results as a warning sign for Amazon investors amid concerns that soaring capital expenditures could weigh on hyperscalers’ cash flows.
Amazon Inc. (AMZN) share price dropped about 4% on Thursday ahead of the release of its quarterly results scheduled after-hours as investors fret over soaring capital expenditures eating into hyperscalers’ cash flows, while investor Gene Munster flagged weak Google results as a warnings sign to Ama…