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.
Related articles:
Related suggestion:
Universal Beijing Resort starts trial runXiplomacy: How China Helps Preserve Cultural Heritage Sites in AsiaNanjing County in Fujian develops tourism industry and local economy in sustainable wayScenery of Xilingol Grassland in Inner MongoliaPeople enjoy water activities to beat summer heatExhibition featuring marine civilization of South China Sea held at Hainan MuseumXi Extends Condolences over Disastrous Heavy Rains in RwandaHow Will Xi's Visit to Xiong'an Reshape the Future of the Futuristic City?China's Zhangjiajie prepares for reopeningXi Focus: Xi Calls for Making Beijing
2.9767s , 6498.90625 kb
Copyright © 2024 Powered by Amazon reports strong 1Q results driven by its cloud ,Cosmic Compass news portal