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Amazon sales soared as COVID blocking continues to rise.
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04-30-2021, 01:16 PM
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Amazon sales soared as COVID blocking continues to rise.
Amazon pulled in revenue of สล็อต เอ็กโอ $ 108.5 billion in the first quarter, filling expectations for both itself and Wall Street.There were no notable announcements in Amazon's earnings report Thursday that could match previous quarter's news. In February, CEO Jeff Bezos said he would step down in the middle of the year and Amazon Web Services CEO Andy Jassy would take over. In the first quarter, Amazon returned to a recurring topic of making money as more and more consumers embraced online shopping, not a luxury. But a way of life in the midst of the epidemic Amazon reports net income rose to $ 8.1 billion, or $ 15.79 per share, a sharp increase from $ 2.5 billion, or $ 5.01 per share, last year. Net sales rose 44 percent to $ 108.5 billion from $ 75.5 billion a year ago. On average, analysts had forecast earnings of $ 9.54 per share and revenue of about $ 104 billion, according to Yahoo Finance.Earlier, Amazon had forecast net sales of between $ 100 billion and $ 106 billion.Amazon is just the latest technology company to post blurred numbers - Apple and Facebook turned their attention to results Wednesday, benefiting from the coronavirus blockade, which has now only begun to subside in the United States. Amazon, in particular, has benefited as more and more people are comfortable delivering everything from diapers to groceries.While Amazon's North American business nearly tripled its operating income to $ 3.45 billion. But the AWS cloud business is still a real money maker, pulling in operating income of $ 4.16 billion over the period.In the past 12 months, Amazon has been running smoothly since overcoming its worst-hit logistics challenges at the end of the first quarter of 2020, although sales continued to grow that quarter, Bezos warned. Investors say the company might spend $ 4 billion on dealing with The next-quarter epidemic drove projected profits down. Not so, as Amazon posted record second-quarter profits despite heavy spending on coronavirus-related demand.For the upcoming second quarter, Amazon expects sales to fall between $ 110 billion and $ 116 billion, with operating income between $ 4.5 billion and $ 8 billion. In a call with reporters, Amazon Chief Financial Officer Brian Olsavsky said Prime Day would take place in June this year, moving back from the fall of 2020, Olsavsky, speaking with financial analysts, said July followed. Prime Day traditions are often great vacations, which is one of the reasons Amazon "tested" in June.Amazon's cash mountain has attracted attention and regulators are keeping an eye on the company.Amazon faces a possible federal antitrust action and labor investigation. The tech giants have also avoided pooling in the first quarter of this year as workers at warehouse Bessemer, Alabama, voted to reject union representation. Organizational efforts continue and Amazon is under constant scrutiny from regulators. But US corporate employees are still not gathered.On Wednesday, the company announced an increase in wages for workers. Hourly wage hikes will occur earlier this year, adding between 50 cents and $ 3 in hourly wages between May and June.Amazon has said the increase will bring the company around $ 1 billion. Olsavsky told reporters that the increase in wages was reasonable as different sectors of the economy opened up. Many of the employees Amazon received during the outbreak could come from those sectors, and the company wants to remain competitive as it gets more jobs.In his annual letter to shareholders, Bezos said he wants Amazon to be the best employer in the world. Try to manage It is now reducing injuries that include things like sprains and strains. The company is expanding its injury prevention training with the goal of reducing so-called sprains and strains. "Recordable event rate" will be halved by 2025.Olsavsky did not provide a figure when asked if there was a specific budget tied to its broader efforts to be the best workplace in the world, and reiterated that Amazon takes pride in the workplaces it serves. Then staff |
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