Amazon reports strong 1Q results driven by its cloud
Release time：2024-05-01 15:20:48 Source：Worldly Weaves 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：Rhod Gilbert shares cancer update as he admits he's 'pinching himself' over performing stand
- Next：Lucknow beats Mumbai by 4 wickets to rise to third in IPL
Related articles
- US, Mexico drop bid to host 2027 World Cup
- Russia withstands sanctions pressure, Putin says
- Insights丨 Literature works bridge for communications between China and Brazil: Brazilian professor
- Heart attack sees bus driver ram crowd, kill 3 pedestrians
- French cops drag pro
- Xi Focus: Xi Stresses Boosting High
- International gold price expected to continue rising: analysts
- 3 killed in military helicopter crash in Cuba
- The ship that brought down a Baltimore bridge to be removed from collapse site in the coming weeks
- Xi, Uzbek President Hold Talks, Elevate Ties to All
- Former Naval officer to challenge Matt Gaetz in upcoming GOP primary
- Mexico denounces Ecuador to ICJ for embassy raid
- At least 9 killed, 20 injured in road accident in Brazil
- Discharge is against right to clean environment, activist says
- Dua Lipa is all about 'Radical Optimism,' in her music and other pursuits
- Severe convection causes 4 deaths, more than 10 injuries in E China
- Emission capping in focus as scientists predict hotter 2024
- China slams harassment of ship crew by US Customs
- Arkansas' elimination of 'X' for sex on driver's licenses spurs lawsuit
- Chinese experts fill gap in risk
Random recommendation
- Copyright © 2024 Powered by Amazon reports strong 1Q results driven by its cloud ,Worldly Weaves news portal sitemap