Amazon’s third- quarter cast suggested growth could reaccelerate, to between 13 and 17

The company said it projects profit this quarter of$ 125 billion to$ 130 billion

Amazon and Apple reported upbeat results in an else caliginous earnings season for tech companies

Facebook parent Meta, Alphabet and Microsoft all reported disappointing results for the quarter, as decades-high affectation, rising interest rates and other macroeconomic pressures counted on their businesses

Wall Street cheered Amazon’s earnings report, with one critic calling thee-commerce giant “ a harborage in the macro storm, ” as it so far appears to be riding numerous of the headwinds challenging its tech peers

All in, Amazon handed investors with a veritably clean 2Q earnings, in the midst of extrememacro-related earnings volatility across tech, ” Deutsche Bank judges led by Lee Horowitz wrote in a note to guests Friday

The establishment, which maintains a steal standing on Amazon shares, upped its price target to$ 175 from$ 155

Several judges said the results gestured Amazon is making progress on cost headwinds that have dragooned the company in recent diggings

Amazon has faced high costs related to labor, force chain, energy and transportation, as well as the Covid- 19 epidemic

After publicizing alternate quarter results that included boffo growth in its pall and advertising services businesses while its emptye-commerce business shrank

The request's response is largely attributable to alternate- quarter profit beating the Wall Street agreement estimate and the company's own guidance