Amazon Is Growing in the Right Places: Investors Want Growth Everywhere
Amazon (NASDAQ: AMZN) reported second-quarter earnings results last week, providing the first in a series of tough quarterly comparisons from the previous year when folks spent more time at home and subsequently used Amazon much more often for shopping.
As economies are reopening worldwide, folks are spending more time leaving home and doing some of their shopping at brick-and-mortar retailers. The reversal of the stay-at-home trend is likely to make it difficult for Amazon to match revenue growth rates. Interestingly, however, Amazon accelerated revenue growth in two key areas that are more profitable.
Amazon's stock is down 7.5% since announcing earnings. Image source: Getty Images.
Source Fool.com
