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Amazon's Second Quarter Results Were Mixed But Free Cash Flow Improved Significantly

publication date: Aug 7, 2024
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Image: Amazon traded aggressively lower following its second-quarter results. 

Though Amazon missed second-quarter revenue consensus estimates, and the midpoint of its third-quarter revenue and earnings guidance came in below the consensus forecasts at the time, we continue to point to aggressive growth at AWS coupled with the firm’s strong free cash flow generation as reasons to not be bearish on the stock. We won’t be adding Amazon to any newsletter portfolio as we are already quite tech-heavy, but the company’s share price slide could provide an entry point on a name with strong fundamental momentum.


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