The American e-commerce giant, Amazon (AMZO34), had a net loss of US$ 3.8 billion in the first quarter of this year and that is sending the company’s shares this Friday (30). A year earlier, the company had earned $8.1 billion. It is the first quarterly loss since 2015.
In New York, on Nasdaq, shares (AMZN) are selling at $2,549.14, down 11.85%. In São Paulo, share receipts dropped 4.54% to R$81.12 at 11:30 am.
The drop is such that the international press is reporting that Amazon founder Jeff Bezos saw $13 billion of his fortune evaporate in a few hours, with Amazon shares down 8% in pre-market trading on the stock exchange. from New York.
And what to do with the shares? Check out the analyst commentary for subscribers below:
What is the company’s scenario?
Amazon’s reported revenue was $110.8 billion, up 15%, as the company had forecast, but down from the $111.6 billion that analysts had expected.
“People went back to buying in person, in physical commerce”, says Alexandre Constantini, strategist at Catarina Capital.
Andy Jassy, president of Amazon, said the pandemic and the war between Russia and Ukraine had brought “unusual challenges” for the company. According to Jassy, the company has had to deal with higher labor costs after increasing its team during the pandemic, and is still suffering from the drop in sales caused by inflation.
“To offset some of these costs, Amazon started charging a 5% surcharge to some of its sellers in the US,” says Breno Bonani, chief analyst at VGR Asset.
Additionally, last quarter, Amazon raised the price of its US Prime membership for the first time in four years to $139 from $119.
“It’s worth waiting a while, maybe a week, to see what happens first,” says Bonani. For him, Amazon is a good company, despite this negative result. Constantini says the same. “Amazon is a company that we like, and it still has $65 billion in cash,” he says.
Brazilian investors can invest in companies listed on American stock exchanges by purchasing stock receipts — on the São Paulo Stock Exchange. These are the so-called Brazilian Depositary Receipts, known as BDRs. It is also possible to buy the American share, opening an account at an international brokerage, and thus directly purchase the share paper.