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Amazon reported first-quarter financial results that were a mixed bag for investors.
Amazon (AMZN -2.62%) did a good job reducing costs, but there was a deceleration in a critical segment that's weighing on the stock price. Fool.com contributor and finance professor Parkev Tatevosian discusses why Amazon's stock price fell after the company executed well in the quarter.
*Stock prices used were the afternoon prices of April 28, 2023. The video was published on April 30, 2023.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Amazon.com. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
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