Current location:business >>
Amazon reports strong 1Q results driven by its cloud
business664People have gathered around
IntroductionNEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in ...
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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Stellar Scope news portal”。http://paracelislands.shellye-mcdaniel.com/content-23d699346.html
Related articles
Online reading or offline clubs? Young Chinese embrace both in digital era
businessTraveling more than 1,000 kilometers from the Ningxia Hui Autonomous Region to Beijing, literature l ...
【business】
Read moreWill Prince Harry get to see his busy father, King Charles, when he visits the UK?
businessWhen Prince Harry visits Britain this week, he will attend an event just two miles from his sick fat ...
【business】
Read moreBernard Hill, of 'Titanic' and 'Lord of the Rings,' dies at 79
businessLONDON (AP) — Actor Bernard Hill, who delivered a rousing cry before leading his people into battle ...
【business】
Read more
Popular articles
- China vows to actively promote restoration of int'l flights
- A milestone reached in mainline Protestant churches' decades
- Former NBA player Darius Morris dies aged 33
- Southern California women sweep UCLA 3
- Minnesota Uber and Lyft driver pay package beats deadline to win approval in Legislature
- Warren Buffett's company faces lawsuit over shareholder proposal
Latest articles
Liverpool confirms Arne Slot as Jurgen Klopp's replacement
SARAH VINE: Why Harry cannot just waltz back whenever he fancies
Former NBA player Darius Morris dies aged 33
First loss shouldn't take away from Jaime Munguia's potential
How Diddy made himself the 'victim' in apology video where he does not mention ex
Champions League: Bayern and Dortmund could stop Mbappe's showdown with Real Madrid
LINKS
- Podcast pick: The best audio show to listen to now
- How to tell if you have the sleep disorder that even doctors don't know about
- Podcast pick: The best audio show to listen to now
- Want a healthy dog? Vets reveal the 10 extreme body conformations owners should AVOID including flat
- How Lulu still looks fabulous at 75, from her skincare 'golden rule' to refusing to take lifts
- McDonald's is dishing out Chicken McNuggets at a discounted price
- Callaghan Innovation wants to cut staff, focus on money
- I was uninvited to my best friend's wedding
- Hundreds fined, cars impounded at weekend street race meet
- Outrage as Tesla starts shipping $3,000 Cybertruck tent that looks nothing like as advertised