Previous close | 0.0400 |
Open | 0.0400 |
Bid | 0.0000 |
Ask | 0.0600 |
Strike | 90.00 |
Expiry date | 2024-05-03 |
Day's range | 0.0400 - 0.0400 |
Contract range | N/A |
Volume | |
Open interest | 171 |
Shopify's (SHOP) first-quarter 2024 performance is expected to reflect benefits from the growing adoption of merchant-friendly solutions despite the challenging macro environment.
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Amazon reported strong first-quarter results, with revenue and operating income ahead of expectations. The company delivered operating income of $15.3 billion, above consensus of $11.3 billion, while reporting better-than-expected growth in both Amazon Web Services (+17.2% year over year versus Street +15%) and advertising (+24.3% Y/Y versus Street +23.5%). Amazon has now reported operating income above the high end of its guidance range for five consecutive quarters, and the company has a number of drivers for further margin expansion in place, including continued cost efficiencies within its fulfillment network as well as the ongoing mix shift toward higher-margin AWS and advertising revenue.