Amazon.com more than doubled its profit from a year ago and kept up its streak of record-breaking earnings. By Abha Bhattarai Abha Bhattarai Reporter covering the retail industry Email Bio Follow April 25 at 9:45 PM Amazon brought in a record $3.6 billion in profit during the first quarter of 2019, more than doubling its profit from a year ago and continuing its streak of record-breaking earnings.
“We expect to make steady progress quickly and through the year,” Brian Olsavsky, Amazon’s chief financial officer, said in a Thursday earnings call with analysts. “We feel like we’re doing something very important for the customer and we’re trying to take advantage of the fulfillment capacity and the transportation capacity we have.”
He added that increased competition from retailers like Walmart and Target, which have been rapidly investing in their websites and delivery services, is also eating into Amazon’s customer base. Amazon’s digital advertising business, meanwhile, grew about 34 percent to roughly $2.7 billion, compared to 95 percent growth in the first quarter of last year. Even so, analysts said they were hopeful that the advertising business — the third-largest in the country, behind Google and Facebook — would continue to benefit Amazon.
Source: News Formal (newsformal.com)
8s better to give their workers a break and better pay imo
Just think of all the taxes Amazon must be paying on those profits!
So than can pay their fair share of taxes.
Amazon is successful because they deliver the best customer experience, value, choice, and convenience. They leverage technology and are constantly innovating to improve. Fundamentals drive the creation of value.
It seems like the employees at these companies should be making more than their counterparts at similar companies. But it’s the opposite, they make less.
For some reason you mistyped the headline. It should read, 'Billionaire oligarch who doesn't pay taxes on his profits turns the job market against the poor of America forcing them into jobs that can't pay rent but make him billions.' Long, but retains journalistic integrity.
Impu
amazon And they still can't give their workers a decent, livable wage.
Now maybe my employer will offer up raises!?
I admit the result surprises a little. Ok so more often than not E bay is cheaper & that means in the longer term creaming off the public is not as good as milking so sell the shares.
What is the revenue of amazonIN?
Reasonable amount to pay 0 federal taxes on....
Thanks to AWS
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