The economic media was excited about Amazon’s quarterly results, which were much better than expected. However, the outlook for some other quarter is bleaker than expected. As a result, the stock, which had fallen more than 3% in Tuesday’s sell-off, could only generate a 2. 9% gain in infrequent after-hours trading.
The giant reported better-than-expected earnings and earnings for the first quarter, driven by the expansion of advertising and cloud computing and, of course, reduced fees.
Amazon has laid off more than 27,000 workers since the end of 2022, and the cuts will continue through 2024. During the first quarter, Amazon laid off many workers at its healthcare and AWS businesses and made significant cuts at Prime TV, Prime itself, and other businesses. . .
Revenue hit $143. 3 billion, up 13% from $127. 4 billion a year ago, and operating profit soared more than 200% to $15. 3 billion, far outpacing expanding cash. Investors said the effects are very positive and a strong sign that the company’s cost-cutting measures in 2022 and 2023 are now strengthening its results. However, the cloud business, AWS, accounted for 62% of overall operating profit. Net profit also more than tripled, from $3. 17 billion to $10. 4 billion. Amazon said it expects its profitability to continue rising in the current second quarter, albeit at a more measured (slower) pace. The company said its operating profit would be between $10 billion and $14 billion, up from $7. 7 billion a year earlier. Revenue for the current quarter will be between $144 billion and $149 billion, representing an expansion of 7% to 11%. Analysts were expecting a 12% expansion to $150. 1 billion, so the forecast was considered a bit low.
He highlighted the rebound of AWS; Amazon said the division’s sales rose 17 percent in the first quarter to $25 billion, beating sales expansion forecasts of 12 percent to $24. 5 billion. For Amazon, this is a welcome return to expanding AWS sales after a sluggish 2023. Demand for the cloud is driven by artificial intelligence, according to the company.
Despite media hints of a new dividend issue (joining Meta, Alphabet, and Apple among dividend-paying megatechs), there has been nothing from Amazon. Also, unlike other megatechs, there is no news of an Amazon acquisition in its earnings release.
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Increases across all areas of Deep Leads resources: quality, tonnage and target area ABx Group has reported a 30% increase in its Mineral Resource Estimate (MRE) at the Deep Leads Ionic Adsorption Clay (IAC) rare earth deposit in northern Tasmania. The accumulation in MRE comes from 36 extension wells analyzed, representing a significant northward extension for the existing Deep Leads prospect.
Lake Resources (LKE. ASX) – LKE has signed two non-binding memorandums of understanding within 10 days. Ford Company (Ford) has signed a memorandum of understanding for about 25,000 t/year and last week, Hanwa, a Japanese commodity trading company, signed a memorandum of understanding for up to 25,000 t/year. Subject to execution, this is a feat as Ford and Hanwa are in a position to engage in longer-term strategic partnerships with LKE. Commercial negotiations are still ongoing, but they should, i. e. if Ford and Hanwa inject new capital into LKE, it will further reduce the risk of the financing of the assignment and thus ensure that LKE and Kachi are fully funded.
Two recent severity studies have particularly exceeded expectations and revealed the possibility of expanding the existing MRE at Throssell Lake, as well as a significant expansion opportunity at Yeo Lake. This reinforces the prospect of a multi-decade-long Tier 1 SOP production facility around Throssell Lake.
TMG is currently completing paints for the planned PFS in early 2023, adding the start of drilling in the third quarter of 2022, evaporation testing and permitting activities. The effects of these systems will affect the SFP and any long-term resource improvements.
SOP reference prices have risen to around 940 USD/t due to recent geopolitical developments. The October 2021 scoping study assumed an SOP value of $550/t and contained a sensitivity study showing that every 10% accumulated in value effects at a cumulative $144 million in NPV of the $364 million allocation. The increase of approximately 70% during the scoping study implies an allocation NPV of approximately $1. 4 billion.
Despite the drop in oil and fuel prices, which fell by 5. 4% and 19. 7% respectively in August, Calima managed to record an improvement in its key industry indicators.
WT Financial Group Limited (WTL) is a fast-growing diversified monetary company founded in 2010 and indexed on the Australian Securities Exchange (ASX) in 2015. Their recommendations and product offerings are primarily provided through an organization of independent money advisors who act as legal representatives. . de WTL in connection with its broker organisation business Wealth Today Pty Ltd (Wealth Today) and Sentry Group Pty Ltd (Sentry Group). It has approximately 275 advisers in more than two hundred money advice firms across Australia. It also operates a direct-to-consumer operation under its Spring Financial Group brand.
In May 2021, Corporate Connect analyst Marc Sinatra published a comprehensive study report on ASX-listed biotech company Immutep Ltd (ASX: IMM). He was so inspired by IMM that Corporate Connect felt it was imperative to publish a follow-up report that valued the company. as the market did not see the great prospects of Eftilagimod Alpha (EFTI).
The follow-up report published today. Using comparables, after adding a monetary rebate to its EV estimate and dividing it by the total number of percentages issued, Corporate Connect now puts the fair price of a percentage of Immutep at A$2. 20.