earlier this week, as each began feeling the ill effects of the pandemic in last year’s March quarter. Amazon, by contrast, saw nearly all of its businesses boom in early 2020 as shoppers flocked to the site for everything from toilet paper to office supplies, while companies rushed to enact remote-work practices that used its cloud computing service.
That has given rise to some worry that Amazon is due for a comedown. The stock has risen less than 7% this year—lagging behind the Nasdaq, the S&P 500 and most major tech names. The massive company also has continued to invest aggressively—about 400,000 workers were added last year in just the delivery and logistics areas. But it also is now showing it can grow very profitably. Operating income more than doubled to $8.9 billion in the first quarter, and its operating margin of 8.
Longer term, Amazon still faces some questions about what a new normal will look like. Last year’s 38% growth seems unsustainable for an enterprise now generating trailing12-month revenue of $443 billion. There’s also
Obviously.
I haven’t gone into a Best Buy, Walmart, or any other brick and mortar retail stores for the pass 3 years. I buy everything online. Order it and get it the next day or sometime the same day.
…can’t think of a single item I don’t get via Amazon. It’s my online genie!
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