AMZN Company Overview
Amazon.com, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue and AWS Lake Formation. AWS solutions include machine learning, analytics and data lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the Company provides services, such as advertising. It also offers Amazon Prime, a membership program that includes free shipping, access to streaming of various of movies and television (TV) episodes.
Company Contact
Headquarters
410 Terry Ave N
Seattle, WA 98109-5210
Invested 1/22/2021
@ 3,301.48
*Post split adjusted purchase price
$165.07/share.
Thank you Morgan Stanley / E*TRADE for
the additional 20X shares in corporate account.
***Friday June 6, 2022 effective date of AMZN stock split 20 for 1.
**Amazon announces 20-for-1 stock split and $10 bln share repurchase authorization
4:44 PM ET 3/9/22 | Briefing.com
MW Amazon beats expectations on domestic e-commerce sales, AWS; stock jumps
4:20 PM ET 8/3/23 | MarketWatch
By Jon Swartz
Amazon.com Inc. assuaged investors' fears with strong e-commerce and cloud sales, propelling its shares more than 6% higher in after-hours trading Thursday.
Amazon (AMZN)reported that second-quarter revenue expanded to $134.4 Billion from $121.2 billion in the same quarter last year.
Profit was $6.7 billion, or 65 cents a share, improving from a loss of $2 billion, or 20 cents a share, a year ago.
Analysts on average expected Amazon to report earnings of 35 cents a share on revenue of $131.5 billion, according to FactSet.
Equally important, operating income increased to $7.7 billion in the second quarter, compared with $3.3 billion in the same quarter last year.
"We continued lowering our cost to serve in our fulfillment network, while also providing Prime customers with the fastest delivery speeds we've ever recorded. Our AWS growth stabilized as customers started shifting from cost optimization to new workload deployment," Amazon Chief Executive Andy Jassy said in a statement announcing the results.
Read more: Amazon earnings preview: All eyes on retail and AWS growth
In the days leading up to the quarterly earnings report, analysts were keenly focused on the performance of Amazon's online shopping business and whether Amazon Web Services' growth reignited as the market leader. Last week, Microsoft Corp. (MSFT)said it expected revenue growth from Azure and other cloud services to continue cooling in the current quarter. Meanwhile, Alphabet Inc.'s (GOOGL)(GOOGL) Google Cloud revenue grew 28%, topping Wall Street estimates.
Read more: Microsoft earnings top estimates, but stock falls as execs detail AI's costs
AWS sales improved 12% to $22.1 billion, from $19.7 billion a year ago. Analysts polled by FactSet had expected $21.7 billion.
In Thursday's earnings report, Amazon reported a profit in its domestic e-commerce business of $3.2 billion on sales of $82.55 billion, while analysts on average were expecting operating profit of $1.5 billion on sales of $79.8 billion. Overseas operations suffered an operating loss of $895 million but rang up sales of $29.7 billion, while analysts on average were projecting a loss of $1.2 billion on sales of $29.7 billion.
Amazon's advertising business racked up sales of $10.7 billion, up from $8.8 billion a year ago. Analysts had predicted $10.36 billion. This performance echoed an uptick in digital advertising for tech behemoths like Amazon, Alphabet and Facebook parent Meta Platforms Inc. (META).
Read more: Digital advertising is Meta and Google's world, and everyone else is coping with it
For the third quarter, Amazon executives guided for sales of $138 billion to $143 billion. Analysts on average were projecting sales of $138.4 billion.
Amazon's stock rose 6% in extended trading Thursday after inching up 0.6% to $128.91 during Thursday's regular trading session.
For the year, Amazon shares have advanced 53% while the broader S&P 500 index SPX is up 17%.
Amazon's results come amid mounting speculation that it may soon become the target of regulatory actions. The Federal Trade Commission is expected to soon file an antitrust suit against Amazon focusing on its online marketplace, according to a recent Bloomberg report.
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