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Analysts focus on brighter side of bottoming out; decry stock investor panic
Analysts are also bullish on the company’s prospects.?This week, Wedbush analyst Michael Pachter upgraded its rating on Amazon to “outperform” from “neutral” and increased its price target to 5 from 5.
Analysts said the disappointing results were largely driven by a switch in consumer behavior from buying games at retail to purchasing them digitally for the new consoles, as well as, playing games on mobile devices instead of buying used titles for the Xbox 360 and PlayStation 3.
And true to its words, Huawei has shrugged off the impact of US restrictions with steady growth in core businesses and a slew of impressive product launches in the overseas market.
Analysts polled in advance of the earnings report expected?Amazon to post .14 billion in revenue for the quarter, with earnings of <云转化_句子>.03 per share — both of which Amazon exceeded.
来源：资阳报