• Amazon is wildly profitable but it's still taking huge losses overseas

    5 monthes ago - By The Verge

    Amazon reported first quarter earnings results today with eye-popping sales of $51 billion, up by nearly 43 percent year over year, and a net profit of $1.6 billion. That means it's another strong quarter for CEO Jeff Bezos, whose e-commerce juggernaut continues to defy expectations and earn money hand over fist as it expands into markets like food delivery, grocery chains, and smart home gadgets. But one area the company continues to lag in is international online retail sales, where it faces stiff competition from local rivals.
    Though Amazon's international sales grew 34 percent, it...
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  • Amazon is doing what it does best: Making money hand over fist

    Amazon is doing what it does best: Making money hand over fist

    5 monthes ago - By Engadget

    With the first quarterly earnings report of 2018, Amazon shows no sign of slowing down. It reported sales of $51 billion in the past few months, which is an increase of 43 percent from this time last year.
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  • Amazon's Q1 Report Shows Growth Nearly Across The Board

    5 monthes ago - By Android Headlines

    Amazon has now released its first-quarter financials for 2018, displaying increases in nearly all areas in terms of both year-over-year and sequential growth. Sales were a definitive highlight of Q1 2018, rising 43-percent annually to $51.0 billion. The figure did fall from the previous quarter by around 15.5-percent but that's to be expected since that previous number would have included holiday sales. Meanwhile, operating cash flow did relatively well too, landing at $18.2 billion. That's around a 4-percent increase from last year and around a 1-percent decrease from the proceeding Q4...
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  • ​Amazon's sales surge as possible Trump backlash looms - CNET

    5 monthes ago - By CNET

    The e-commerce giant posts another blowout quarter and renews its streaming deal with the NFL. Even so, it faces potential challenges from the White House.
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  • Amazon shares soar after monster earnings report

    Amazon shares soar after monster earnings report

    5 monthes ago - By TheBoyGeniusReport

    Amazon's shares soared over 6 percent in after-hours trading, following a substantial earnings beat and a forecast for current-quarter growth that would defy all expectations. Despite some notable criticism from the White House over the previous quarter, Amazon reported first-quarter earnings of $3.27 per share on sales of $51 billion. Those numbers are significantly better than what analysts expected, and up 43 percent from the same quarter last year.
    Sales from Amazon's Web Services division drove much of the growth, as they were up 49 percent to $5.4 billion. AWS drives much of Amazon's...
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  • Amazon's sales surge in wake of Trump's attacks - CNET

    5 monthes ago - By CNET

    The e-commerce giant posted another blowout quarter, despite challenges ahead from the White House.
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  • Amazon surprises Wall Street with huge profits, optimistic outlook

    5 monthes ago - By Reuters

    Amazon.com Inc's march in retail and cloud computing showed no sign of slowing on Thursday, as the company reported a surge in first-quarter sales and profit, both ahead of expectations.
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  • Amazon spikes to an all-time high after crushing earnings

    Amazon spikes to an all-time high after crushing earnings

    5 monthes ago - By Business Insider

    Amazon reported first-quarter earnings that crushed expectations on Thursday.
    The stock spiked to an all-time high, up more than 7%, on the results.
    Follow Amazon's stock price in real-time here.
    Shares of Amazon are surging, up as much as 7%, after the e-commerce giant reported first-quarter earnings that crushed expectations.
    Here are the key figures:
    Revenue: $51.04 billion versus an expected $49.96 billion.
    Earnings per share : $3.27 a share versus an expected $1.26.
    Revenue guidance : $51 billion to $54 billion. Analysts had previously forecast sales of $52.27 billion. In the second...
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  • Amazon up 7% following earnings beat

    5 monthes ago - By TechCrunch

    Amazon reported first-quarter earnings after the bell on Thursday, sending shares up 7% in after-hours trading after its significantly better-than-expected report.
    The company reported earnings per share of $3.27, well above the $1.26 that analysts had been expecting. Revenue was $51.04 billion, above the $49.78 billion that Wall Street forecast and a 43% increase from the same time last year.
    The growth was driven by its Amazon Web Services cloud computing business, which was up 49% year-over-year, accounting for $5.4 billion in revenue.
    “AWS lets developers do more and be nimbler, and it...
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  • Amazon's first-quarter revenue, profit trounce estimates

    5 monthes ago - By Reuters

    Amazon.com Inc reported first-quarter revenue and profit on Thursday that trounced analysts' estimates, driven by a surge in online shopping and higher demand for its cloud services.
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  • Analyst cuts his forecast of iPhone sales to 38.8 million for fiscal Q2

    Analyst cuts his forecast of iPhone sales to 38.8 million for fiscal Q2

    5 monthes ago - By Phone Arena

    Some analysts on Wall Street have already said they expect Apple to report lower than expected iPhone sales for the company's fiscal second quarter, which ended in March. The report is expected to be released next Tuesday, May 1st, after the market closes for the day. Today, another respected Apple analyst joined the club. Bernstein's Toni Sacconaghi told clients that he has cut his estimate of iPhone sales for the period to 38.8 million units; he originally forecast that Apple would sell 41 million handsets. Wall Street, on average, sees Apple ringing up 43 million phones for the...
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  • Amazon expected to post record quarterly sales growth - analysts

    5 monthes ago - By The Guardian

    Online retail giant could be on track to overtake Apple as the world's biggest firm, experts say Amazon will report a record-breaking 40% increase in sales in the first three months of the year to $50bn on Thursday as the retail behemoth grows its global reach, analysts have predicted.
    The company, which employs more than 560,000 around the world, is expected to announce its highest ever first-quarter sales and 12th consecutive quarterly profit. Jeff Bezos, Amazon founder, US. Worth $112bn.
    I have stated my concerns with Amazon long before the Election. Unlike others, they pay little or no...
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