Amazon just posted an insane earnings-per-share beat

Amazon just posted an insane earnings-per-share beat

Even more crucially, more people joined Prime on July 16 than on any previous day in the company's history, Amazon said. Wednesday that plunged its stock 19 per cent.

Amazon reported revenue of $2.2 billion for that category in the second quarter, up 129 percent year-over-year.

According to the research firm eMarketer, Amazon's e-commerce revenue will grow more than 28 per cent this year to reach US$394 billion, and will account for 49 per cent of United States online retail sales and almost five percent of all retail spending. The company's brick-and-mortar stores generated $4.31 billion in second-quarter revenue.

"It's now a multibillion-dollar business for us", he said on a call with analysts Thursday.

Amazon has grown into one of the world's biggest companies on its global e-commerce operations along with cloud computing, artificial intelligence, video, groceries and other operations.

Rising third-party sales are also helping increase profits, he said.

Popular brands now agree to put their inventory on sale for members of Amazon's loyalty club Prime, while rival retailers scramble to drive traffic back to their websites. Amazon sees its revenue for the period to be in the range of $54 billion to $57.5 billion, which is below what analysts are calling for in the range of $55.6 billion to $62.2 billion.

Читайте также: Samsung Galaxy Note 9 to be launched earlier than expected

Amazon's total costs increased almost 37 per cent in the three months ending in June to $49.9bn, as the firm invested heavily into its premium service Prime across its online video, warehouse and delivery infrastructure. Shares had slumped by 3 percent during the regular session, a move some attributed to investor caution toward high-flying technology companies after Facebook warned that its growth was slowing. The deal is expected to close later this year.

Saunders said in a research note that Amazon's success comes from the fact that "it innovates and tries new things like no other retailer. this heady pace of creativity is the key reason why it stays several steps ahead of the market and is able to generate so much growth". Its more than 100 million members globally spend above average amounts on Amazon, to get the most out of their subscriptions.

For the three months ending June 30, Seattle-based Amazon reported net income of $2.53 billion, or $5.07 per share, blowing past the $2.48 per share Wall Street analysts expected, according to FactSet.

Of the 48 analysts covering the stock, 46 have a "buy" rating, while only 2 rated it "hold".

The company, which originally started an online book seller in 1994, now gains revenue from selling products quite unrelated to its original business.

According to the research firm eMarketer, Amazon's e-commerce revenue will grow more than 28% this year to reach $394 billion, and will account for 49% of USA online retail sales and almost 5% of all retail spending.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Related Articles

  • China being vicious on trade, says Trump

    China being vicious on trade, says Trump

    He later tweeted that work on documents was "moving along quickly", adding that the meeting with Mr Juncker had "great warmth". Jim Bair said the trade fight threatens some of the apple industry's most promising export markets.

    Trump opened to visit Moscow after invitation from Putin

    Putin said on Friday that he has already invited Trump to Moscow, and that he is "ready to come to Washington" to meet with Trump. A USA special counsel is now investigating whether the Trump campaign colluded with Russian spies to manipulate the vote.
    Dimitar Berbatov tips Manchester United to win the Premier League

    Dimitar Berbatov tips Manchester United to win the Premier League

    Jürgen Klopp's squad travelled from New Jersey to MI on Thursday before their final ICC fixture against Manchester United in Ann Arbor on Saturday.
  • Police say no conclusion reached on link between Toronto shooter, ISIS

    Police say no conclusion reached on link between Toronto shooter, ISIS

    It passed on a 41-4 vote. "Uncle, believe me, I am fully dedicated to my father", he said, using the common honorific. It's unclear if Hussain was killed by an officer or if he died due to self inflicted gun shot wounds.
    Saudi Arabia halts oil exports in Red Sea lane after Houthi attacks

    Saudi Arabia halts oil exports in Red Sea lane after Houthi attacks

    Saudi Arabia accuses Iran of supplying missiles and arms to the Houthis, which both Tehran and the Houthis deny. It follows a Houthi attack on a Saudi oil tanker off Yemen's western coast.
    Manchester Utd face battle for early points, says Mourinho

    Manchester Utd face battle for early points, says Mourinho

    I went to Vietnam and Thailand, I'm feeling good and I can hopefully get a full pre-season, which I've not had in many years. Manchester United manager, Jose Mourinho , wants to sign Croatia winger, Ivan Perisic, before he lets Anthony Martial leave.
  • Tour de France: Geraint Thomas rides nearer to the title

    Tour de France: Geraint Thomas rides nearer to the title

    Ominously, Thomas's poor performance benefited Primoz Roglic, victor of Friday's stage, who went on to win the Swiss race overall. But Froome voiced his frustration by yelling an expletive at the officer before riding off. "Initially I thought 'what's this?'".
    Thousands evacuate as deadly Carr Fire fire rips through Redding

    Thousands evacuate as deadly Carr Fire fire rips through Redding

    Video footage and images posted on social media showed flames engulfing structures, as an orange glow lit up the night sky. He said the downtown and centerpiece of the park still stood, but it was unsafe to go inside and collect more relics.
    Roseanne Barr apologizes for tweet, says she's a

    Roseanne Barr apologizes for tweet, says she's a "creative genius"

    And for that I apologize. "She needs a new haircut". "I was allowed under my contract to have 24 hours to correct any mistakes". The comic also claimed a recent video she released on YouTube, saying of Jarrett, "I thought the b**** was white", was a joke.
  • Tour de France: Stage 16 highlights

    Tour de France: Stage 16 highlights

    This summer Geraint Thomas is leading, which I'm sure you all knew because since the World Cup finished you've had nothing else in your life.
    Plan to Fire Zuckerberg as Facebook Chairman Drawn Up

    Plan to Fire Zuckerberg as Facebook Chairman Drawn Up

    Until now, he said, there was a sense that the vast majority of users didn't fully understand Facebook's business. The company is grappling with new data laws in Europe, criticism over its content policies and privacy issues.
    Terrorist Kills One Israeli, Injures Two Others in Israeli Community of Adam

    Terrorist Kills One Israeli, Injures Two Others in Israeli Community of Adam

    Attacks against Israelis in the West Bank are supported by many Palestinians as pushing back against settlement growth. The teenage assailant climbed over a wall and snuck into the settlement on Thursday evening, the Israeli army said.