Amazon Falls Short on Cloud Revenue in Q1

Amazon.com said it's bracing for a tougher business climate in the coming months, echoing concerns from a range of companies that tariffs and related economic turmoil could crimp consumer spending.

- BLOOMBERG

When it reported results, the world's largest online retailer posted a decent first quarter but said operating profit in the current period would be weaker than Wall Street anticipated. Amazon projected operating profit of $13 billion to $17.5 billion, compared with an average estimate of $17.8 billion. Sales will be $159 billion to $164 billion in the period ending in June, the company said in a statement. Analysts, on average, expected $161.4 billion. In issuing i