Ferrari sticks to 2024 guidance after Q1 earnings rise, shares fall

Ferrari sticks to 2024 guidance after Q1 earnings rise, shares fall

Ferrari’s core earnings rose 13% in the first quarter of the year.

Amazon results beat estimates, revenue forecast misses

Amazon results beat estimates, revenue forecast misses

Amazon.com reported quarterly results above Wall Street’s expectations, with CEO Andy Jassy highlighting the big opportunity in servicing AI customers. The company’s first-quarter sales increased by 13% to 3.3 billion, and net income more than tripled to .4 billion. Amazon expects revenue of 4.0 billion to 9.0 billion for the current quarter ending June. AWS, the largest provider of cloud-computing services, posted a 17% rise in revenue to .0 billion in the first quarter.