Amazon reports strong 4Q results despite supply-chain snags
2 years, 10 months ago

Amazon reports strong 4Q results despite supply-chain snags

Associated Press  

NEW YORK — Amazon reported Thursday that its profits nearly doubled in the final three months of last year, even as it contended with surging costs tied to a snarled supply chain and labor shortages. “As expected over the holidays, we saw higher costs driven by labor supply shortages and inflationary pressures, and these issues persisted into the first quarter due to omicron,” said Amazon CEO Andrew Jassy, who succeeded founder Jeff Bezos in that role last July. Amazon’s Chief Financial Officer Brian Olsavsky estimated Amazon incurred about $4 billion in costs related to supply-chain and labor issues. The company has also been fighting a separate attempt by workers in a New York City facility, where last week the nascent Amazon Labor Union lined up enough support to vote on whether to unionize.

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History of this topic

Amazon's Profit Margins Take a Hit as AI Spending Soars
1 month, 3 weeks ago

Amazon's Profit Margins Take a Hit as AI Spending Soars

Live Mint  

Amazon's third-quarter report shows strong revenue growth, despite spending heavily on artificial intelligence. The company reported an eye-popping $22.6 billion in capital expenditures, a new high and an 81% jump year-over-year. Despite the spending, Amazon's operating profit came in at $17.4 billion, nearly 19% above analysts' projections. The company's share price jumped more than 5% in after-hours trading Thursday.

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
1 month, 3 weeks ago

Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Amazon reports boost in quarterly profits but misses revenue estimates
4 months, 3 weeks ago

Amazon reports boost in quarterly profits but misses revenue estimates

The Hindu  

Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. Amazon also said it expects revenue for the current quarter, which ends September 30, to be between $154 billion and $158.5 billion — lower than the $158.22 billion forecast by analysts. The company said Thursday that Amazon Web …

Amazon reports boost in quarterly profits but misses revenue estimates
4 months, 3 weeks ago

Amazon reports boost in quarterly profits but misses revenue estimates

Associated Press  

Amazon reported a boost in its quarterly profits Thursday, but the company missed revenue estimates, sending its stock lower in after-hours trading. Amazon also said it expects revenue for the current quarter, which ends Sept. 30, to be between $154 billion and $158.5 billion — lower than the $158.22 billion forecast by analysts. The company said Thursday that Amazon Web …

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value
5 months, 4 weeks ago

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value

NPR  

Amazon becomes the 5th U.S. company to reach $2 trillion in stock market value toggle caption Jenny Kane/AP NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant's stock past that threshold. Amazon now joins Google's parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia …

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time
5 months, 4 weeks ago

Amazon joins exclusive club, crossing $2 trillion in stock market value for the first time

Associated Press  

NEW YORK — Amazon joined the exclusive $2 trillion club Wednesday after Wall Street investors pushed the value of the e-commerce giant’s stock past that threshold. Amazon now joins Google’s parent Alphabet, software behemoth Microsoft, iPhone maker Apple and chip maker Nvidia among companies with valuations of at least $2 trillion. Most of the focus has been on business-focused products, …

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars
7 months, 3 weeks ago

Amazon reports strong 1Q results driven by its cloud-computing unit and Prime Video ad dollars

Associated Press  

NEW YORK — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service. “It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said …

Amazon Spent $3.1 Million On Anti-Union Consultants In 2023
8 months, 3 weeks ago

Amazon Spent $3.1 Million On Anti-Union Consultants In 2023

Huff Post  

LOADING ERROR LOADING Amazon spent more than $3 million on anti-union consultants last year in its continuing effort to keep organized labor out of its delivery network, according to disclosures filed Saturday with the Labor Department. Mary Kate Paradis, an Amazon spokesperson, said in an email that the company was “proud to invest tens of billions of dollars in things …

Amazon and Meta—Nothing Artificial About These Results
10 months, 3 weeks ago

Amazon and Meta—Nothing Artificial About These Results

Live Mint  

The e-commerce titan and social networking giant both posted strong fourth-quarter results late Thursday. The two beat Wall Street’s consensus targets for both revenue and operating income by wider margins than Microsoft and Google-parent Alphabet did with their respective December quarter reports earlier in the week. The company did manage to beat Wall Street’s projections for its all-important iPhone revenue, …

Meta, Amazon beat expectations with stellar results
10 months, 3 weeks ago

Meta, Amazon beat expectations with stellar results

Live Mint  

Meta and Amazon on Thursday blew through expectations in their latest quarterly results as Big Tech continued to impress Wall Street. Meta, the tech titan behind Facebook and Instagram, reported a profit of $14 billion in the final three months of last year, beating analyst forecasts as revenue climbed to $40.1 billion in the quarter. Facebook changed its parent company …

Amazon reports better-than-expected revenue, profits for the holiday shopping season
10 months, 3 weeks ago

Amazon reports better-than-expected revenue, profits for the holiday shopping season

Associated Press  

Amazon on Thursday reported better-than-expected revenue and profits for the fourth quarter, driven by strong consumer spending during the holiday shopping season. In a statement, Amazon CEO Andy Jassy called it a “record-breaking” holiday shopping season for the company, which saw a 14% growth in revenue compared to the same period in 2022. Olsavsky also said he expects AWS to …

Amazon posts strong revenue and profits, says it’s in ‘best position’ it’s ever been before holidays
1 year, 1 month ago

Amazon posts strong revenue and profits, says it’s in ‘best position’ it’s ever been before holidays

Associated Press  

NEW YORK — Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business. “We’re ready to make this a great holiday season for customers,” Olsavsky said, adding Amazon’s operations network and inventory are in the “best position” its ever been heading into the holiday season. Aside from the …

Amazon shares surge 8% as e-commerce and cloud-computing thrive
1 year, 4 months ago

Amazon shares surge 8% as e-commerce and cloud-computing thrive

Hindustan Times  

Amazon.com closed up more than 8% on Friday on signs that its growth engines, e-commerce and cloud-computing, were faring well in an uncertain economy, helping shield the broader market from Apple's 4.8% slide after gloomy iPhone sales. READ HERE: Hurt by iPhone demand slump, Apple faces longest sales drop in decades The better-than-expected performance of Amazon's cloud business in the …

Amazon reports better-than-expected revenue and profits for 2Q, sending its stock higher
1 year, 4 months ago

Amazon reports better-than-expected revenue and profits for 2Q, sending its stock higher

Associated Press  

NEW YORK — Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. Jassy said growth in the cloud business, which had slowed since last year as companies cut back on costs, “stabilized as customers started shifting from cost optimization to new workload deployment.” AWS grew by 12%, slower than 16% …

Amazon Q1 Earnings Beat Estimates Despite Layoffs, Shares See 11 Per Cent Gain
1 year, 7 months ago

Amazon Q1 Earnings Beat Estimates Despite Layoffs, Shares See 11 Per Cent Gain

ABP News  

Amazon's shares experienced an increase of more than 11 per cent following the announcement of first-quarter earnings that exceeded industry estimates. Amazon's AWS cloud unit, which has maintained its lead in the market for over 15 years, experienced a slower growth of 16 per cent during the first quarter compared to the 37 per cent reported in the previous year. …

Boeing loses $663 million in 4Q despite higher revenue
1 year, 10 months ago

Boeing loses $663 million in 4Q despite higher revenue

Associated Press  

Boeing said Wednesday it lost $663 million in the fourth quarter as higher production costs and supply-chain problems offset rising revenue. Boeing, based in Arlington, Virginia, has seen deliveries rise since regulators approved the 737 Max to fly again in late 2021 and after the company satisfied regulators that it fixed production problems on another plane, the larger 787 Dreamliner. …

Apple And Amazon Teamed Up to Increase Prices Of iPhones & iPad: Report
2 years, 1 month ago

Apple And Amazon Teamed Up to Increase Prices Of iPhones & iPad: Report

News 18  

– Apple Inc and Amazon.com Inc were accused in an antitrust lawsuit on Wednesday of conspiring to drive up iPhone and iPad prices by removing nearly all other resellers of new Apple products from Amazon's website. The proposed class action in Seattle federal court objected to an agreement that took effect in January 2019, under which Apple gave Amazon discounts …

Amazon posts weaker-than-expected 3Q revenue, stock tumbles
2 years, 1 month ago

Amazon posts weaker-than-expected 3Q revenue, stock tumbles

Associated Press  

NEW YORK — Amazon returned to profitability over the summer after two consecutive quarters of losses, but its stock fell sharply in after-hours trading due to weaker-than-expected revenue and disappointing projections for the current quarter. The company on Thursday reported revenue for the three months that ended Sept. 30 of $127.1 billion, boosted by Amazon’s Prime Day, a major sales …

Amazon warns costs may eviscerate profits, shares crash
2 years, 1 month ago

Amazon warns costs may eviscerate profits, shares crash

Al Jazeera  

Amazon’s efforts to boost revenues may not pay off as inflation and receding consumer demand bite into profits. Amazon.com Inc has warned that costs might eviscerate its profit for the current quarter, as early holiday marketing does little to boost sales growth while labour and delivery expenses continue to swell. Amazon’s net sales were $127.1bn in the third quarter that …

Amazon posts 2Q loss but revenue tops estimates, stock jumps
2 years, 4 months ago

Amazon posts 2Q loss but revenue tops estimates, stock jumps

Associated Press  

NEW YORK — Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. It posted a loss of $3.84 billion in this year’s first quarter, its first quarterly loss since 2015, which was also marked by a large Rivian write-down. Some analysts estimate the company generated roughly $4.6 billion in …

Amazon’s net loss prompts query: Has it built too many warehouses?
2 years, 7 months ago

Amazon’s net loss prompts query: Has it built too many warehouses?

The Hindu  

In recent years, Amazon.com Inc has spent billions of dollars on new warehouses that cut into profits, explaining to investors that it had no choice but to meet ever-rising consumer demand. The world's largest online retailer on Thursday reported $2billion in incremental costs from having excess fulfilment and transportation capacity, a dramatic shift from just two years ago when Amazon …

Amazon results and outlook fall short as warehouse, fuel costs soar
2 years, 7 months ago

Amazon results and outlook fall short as warehouse, fuel costs soar

The Hindu  

Amazon.com Inc delivered a disappointing quarter and outlook on Thursday as the e-commerce giant was swamped by higher costs to run its warehouses and deliver packages to customers. Still, there were bright spots, like Amazon Web Services, the division that new CEO Andy Jassy ran before taking the company's top job last year. Inflation hits Amazon Net sales were $116.4 …

Amazon reports rare quarterly loss as online shopping slows
2 years, 7 months ago

Amazon reports rare quarterly loss as online shopping slows

Associated Press  

NEW YORK — Amazon reported its first quarterly loss since 2015 on Thursday, its money-making juggernaut stalled by a slowdown in pandemic-induced online shopping and a huge write-down of its investment in an electric-vehicle startup. The ocean of red ink in Amazon’s report came mostly from the company’s accounting for a $7.6 billion loss in value of its stock investment …

Amazon adds 5% ‘fuel and inflation surcharge’ to seller fees
2 years, 8 months ago

Amazon adds 5% ‘fuel and inflation surcharge’ to seller fees

Associated Press  

Amazon is taking a step to offset its rising costs, announcing Wednesday it will add a 5% “fuel and inflation surcharge” to fees it charges third-party sellers who use the e-commerce giant’s fulfillment services. The Seattle-based company said on its website that the added fees, which take effect April 28, are “subject to change” and will apply to both apparel …

Amazon sued over treatment of vendors
3 years, 6 months ago

Amazon sued over treatment of vendors

The Hindu  

The District of Columbia has sued Amazon, accusing the online retail giant of anticompetitive practices in its treatment of sellers on its platform. The suit filed Tuesday in the District of Columbia court maintains that Amazon has fixed online retail prices through contract provisions and policies it applies to third-party sellers. “We filed this antitrust lawsuit to put an end …

Amazon’s profit more than triples as pandemic boom continues
3 years, 7 months ago

Amazon’s profit more than triples as pandemic boom continues

Associated Press  

NEW YORK — Amazon’s pandemic boom isn’t showing signs of slowing down. The company said Thursday that its first-quarter profit more than tripled from a year ago, fueled by the growth of online shopping. Seattle-based Amazon is one of four American companies that have reported quarterly revenue above $100 billion. Amazon said revenue will remain at that level in the …

Amazon profit soars more than 200% in the first quarter
3 years, 7 months ago

Amazon profit soars more than 200% in the first quarter

CNN  

New York CNN Business — Amazon’s profits more than tripled in the first quarter of 2021, as the pandemic continued to boost its online retail, cloud and advertising businesses. It’s a compelling offer.” The company’s cloud unit and biggest money maker, Amazon Web Services, posted net sales of $13.5 billion during the quarter, up 32% year-over-year. Despite a tough year-over-year …

Amazon’s Retail Side Won’t Be a Side Hustle
3 years, 10 months ago

Amazon’s Retail Side Won’t Be a Side Hustle

Live Mint  

Amazon.com’s new boss may come from the cloud. Amazon announced earlier this week that Andy Jassy, current chief executive of the company’s AWS cloud division, will be running the whole company by the third quarter of this year. Consider that Amazon’s direct retail revenue from its online and physical stores, plus its third-party selling services, exceeded $294 billion last year—more …

Amazon surpasses $100B in quarterly revenue for 1st time
3 years, 10 months ago

Amazon surpasses $100B in quarterly revenue for 1st time

India TV News  

After Apple, Amazon became the second US tech company to log its largest quarter by revenue of all time at $125.56 billion, as online shopping broke all records in the holiday quarter amid the Covid-19 pandemic. Amazon also announced that Jeff Bezos will transition to the role of Executive Chair in the third quarter of 2021 and Andy Jassy, CEO …

Add to cart: Amazon.com reports record profits amid pandemic
4 years, 1 month ago

Add to cart: Amazon.com reports record profits amid pandemic

Al Jazeera  

The online retailer has seen its business boom as the coronavirus pandemic once again drives shoppers indoors. Amazon.com Inc on Thursday reported record profits for the second quarter in a row and forecast a jump in holiday sales, as consumers continued to shop more online during the novel coronavirus pandemic. Jeff Bezos, Amazon’s chief executive and richest person in the …

Apple, Facebook, Google, Amazon do well in Q3 despite COVID-19 pandemic and more issues
4 years, 4 months ago

Apple, Facebook, Google, Amazon do well in Q3 despite COVID-19 pandemic and more issues

India TV News  

A pandemic-hit period, ad boycotts and probes over anti-competition practices, data privacy and security did not stop the four Big Tech firms from posting healthy profits in the June quarter. Riding on surging online sales during the pandemic as people stayed home, Amazon reported a 40 per cent increase in net sales to $88.9 billion, compared with $63.4 billion in …

Amazon post biggest profit in history as pandemic fuels online shopping
4 years, 4 months ago

Amazon post biggest profit in history as pandemic fuels online shopping

India TV News  

Riding on surging online sales during the pandemic as people stayed home, Amazon reported solid second-quarter results, registering a 40 per cent increase in net sales to $88.9 billion, compared with $63.4 billion in the same period last year. "As expected, we spent over $4 billion on incremental COVID-19-related costs in the quarter to help keep employees safe and deliver …

Amazon posts biggest profit ever at height of pandemic in U.S.
4 years, 4 months ago

Amazon posts biggest profit ever at height of pandemic in U.S.

The Hindu  

Amazon.com Inc on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Jeff Bezos, who founded the company in July 1994 and is the world's richest person, said in a statement, “This was another highly unusual quarter.” Amazon's shares have risen by more than 60% …

Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures
4 years, 4 months ago

Amazon trounces earnings estimates despite spending $4 billion on coronavirus measures

CNN  

New York CNN Business — Amazon’s revenue during the three months ended in June blew away Wall Street projections, as the company continued to experience a surge in demand due to the coronavirus pandemic. “This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe,” said Amazon CEO Jeff Bezos …

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