Amazon reports strong 1Q results driven by its cloud
Release time：2024-05-22 10:18:13 Source：Stellar Signals news portal
NEW YORK (AP) — 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.
The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the first three months of this year, a 13% jump compared to the same period last year. Net income came out to $10.43 billion, or 98 cents per share. That soundly beat Wall Street analysts’ expectations for 84 cents a share, according to FactSet.
“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 in a statement.
The nation’s biggest online retailer is coming off better-than-expected results for the holiday shopping period, when it saw strong consumer spending aided by discounts and faster shipping speeds. Amazon held another discount event in late March, right before the end of the first quarter.
- Previous：UK court rules that extension of UK police powers to intervene in protests is unlawful
- Next：Yemen's Iran
Related articles
- Report says China is accelerating the forced urbanization of rural Tibetans
- I have the largest penis in Britain
- North Dakota state rep found guilty of misdemeanor charge tied to budget votes and building
- Husband of Florida woman missing in Spain is charged with her disappearance
- The bodies of 4 men and 2 women were found strangled, piled up in Mexican resort of Acapulco
- Activists in Bangladesh march through universities to demand end to Israel
- Can I get my private pension at 55 due to this bizarre birth year quirk? STEVE WEBB replies
- Radek Faksa scores in return, Stars oust defending Stanley Cup champ Golden Knights 2
- How major US stock indexes fared Monday, 5/20/2024
- The foods that cancer experts want you to stop eating
- Microsoft's AI chatbot will remember everything you do on a PC
- Revealed: Bernard Hill's touching seven
- RuPaul's Drag Race Australia judge Rhys Nicholson lists unique Coburg townhouse for $850K
- NBC will stick with dual announcers and analysts for the US Open
- Canada beats Czechs 4
- Radek Faksa scores in return, Stars oust defending Stanley Cup champ Golden Knights 2
- Tom Brady roast: Netflix live event features Robert Kraft and Bill Belichick reunion
- NBC will stick with dual announcers and analysts for the US Open
- China sanctions former US lawmaker who supported Taiwan
- Arsenal needs a favor from Tottenham in the title race. Current form suggests it won't happen
Random recommendation
- Copyright © 2024 Powered by Amazon reports strong 1Q results driven by its cloud ,Stellar Signals news portal sitemap