Amazon cloud miss, Pinterest outlook: Market Domination Overtime
As a deluge of earnings prints comes after the closing bell, Julie Hyman and Josh Lipton outline what investors need to know on Market Domination Overtime.
Amazon's (AMZN) fourth quarter results beat on the top and bottom lines, but its cloud segment, Amazon Web Services (AWS), fell short of estimates. Citizens JMP equity research analyst Nick Jones shares his reaction to the results and what it signals about cloud demand across the Big Tech space.
Affirm (AFRM) shares surged after the buy now, pay later company reported fiscal second quarter results after the company returned a surprise profit.
Pinterest's (PINS) fourth quarter earnings fell short of analysts' projections, while revenue just barely met consensus estimates. Despite the weak print, the company's significantly stronger-than-expected outlook sent the stock climbing high in extended trading.
Fortinet (FTNT) and Cloudflare (NET) see stocks move higher after posting earnings beats.
To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here.
This post was written by Naomi Buchanan.