Spending growth by Prime members, Amazon.com's most valuable customers, has eased as well, the company said. Shares fell 7% in after-hours trade.
Brian Olsavsky, Amazon's chief financial officer, attributed this to a difficult comparison to last year, when consumers stayed more indoors and relied on e-commerce for their everyday needs. In the United States and Europe, customers are now out and about.Revenue was $113 billion for the second quarter, shy of analysts' average estimate of $115 billion, according to IBES data from Refinitiv. Profit rose 48% to $7.8 billion, the second-largest Amazon ever announced.
Brian Yarbrough, an analyst with Edward Jones, said it was"not feasible" for Amazon to maintain its breakneck pace. Olsavsky said he expects wage pressure to stay for the near future, as industry reopenings, government payments and back-to-school impact individuals' willingness to work.
ہم نے اس خبر کا خلاصہ کیا ہے تاکہ آپ اسے جلدی سے پڑھ سکیں۔ اگر آپ خبر میں دلچسپی رکھتے ہیں تو آپ مکمل متن یہاں پڑھ سکتے ہیں۔ مزید پڑھ:
پاکستان تازہ ترین خبریں, پاکستان عنوانات
Similar News:آپ اس سے ملتی جلتی خبریں بھی پڑھ سکتے ہیں جو ہم نے دوسرے خبروں کے ذرائع سے جمع کی ہیں۔
China's crackdown on its biggest companiesThat sweeps in all manner of start-ups in China's vast consumer market.
ذریعہ: DunyaNews - 🏆 1. / 83 مزید پڑھ »
Facebook doubles profit, but sees cooling growthFacebook on Wednesday reported its profit doubled in the recently ended quarter as digital advertising surged, but warned of cooler growth in the months ahead
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
Re-polling at 4 polling stations in LA-16 Bagh underwayThe re-polling at four polling stations of Azad Kashmir’s constituency LA-16 Bagh has started today (Thursday), reported 24NewsHD TV channel.
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
راولپنڈی : موسلا دھار بارشوں کا سلسلہ فوج امدادی کاموں میں مصروفراولپنڈی : موسلادھاربارشوں کاسلسلہ، فوج امدادی کاموں میں مصروف ISPR Islamabad Cloud Burst catastrophes Rain Record Vehicles Start Floating OfficialDGISPR MoIB_Official GovtofPakistan
ذریعہ: Nawaiwaqt_ - 🏆 6. / 63 مزید پڑھ »
Feeling nervous about your day? Here’s your horoscope for July 29Welcome! Life is full of ups and downs. Right? However the events of the day can surely be favourable if one is ready to conquer all. Start your day with an
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »
Horoscope for Wednesday – July 28Welcome! Life is full of ups and downs. Right? However the events of the day can surely be favourable if one is ready to conquer all. Start your day with an
ذریعہ: 24NewsHD - 🏆 19. / 51 مزید پڑھ »