Jul 17, 2022
Amazon Prime Day sales pulled in $4.4 billion Transcript
Yahoo Finance Live Editor-at-Large Brian Sozzi breaks down Evercore ISI’s Amazon Prime Day sales estimates. Read the transcript here.
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All right, before we head to break, let’s call up shares of Amazon, as Prime Day estimates begin to trickle in from Wall Street analysts. From show, Evercore ISI Analyst, Mark Mahaney, estimates Amazon holding $4.4 billion in sales over its two-day Prime Day shopping holiday, relatively in line with most analysts on Wall Street. Mahaney is staying slightly cautious on Amazon shares into earnings on July 28th, though, sighting a tough macroeconomic environment. Long-term, Mahaney still sees Amazon as a top pick, along with Meta, in booking holdings.