Stock market quotes, forex, financial news, forex tools – money-investing.com

Amazon reported on record profit and revenue

 Breaking News
Amazon reported on record profit and revenue
February 01
09:00 2019

Amazon, the largest online retailer in the world, has reported on the record profit and revenue. The fourth quarter was very successful for the company.

In 2017, for the period from October to December, the company’s profit amounted to 1.86 billion US dollars. In terms of one share, the profit was $ 3.7. Over the same period of 2018, the profit was already $ 3 billion, or $ 6 per share.

The revenue growth was 20%. The figure rose from 60.4 billion to 72.3 billion US dollars.

The market was expecting similar numbers. Analysts predicted the profit of $ 5.6 per share with the revenue of $ 71.8 billion.

In 2017, the revenue of the Amazon’s cloud unit was $ 5.1 billion. In 2018, the figure increased to $ 7.4 billion. At the same time, profit has increased by almost $ 800 million to $ 2.18 billion.

The projected revenue for the current quarter is about $ 60 billion. This is about 20% more than the figure recorded in last January-March. In this quarter, experts expect the revenue at the level of $ 60.8 billion.

The company predicts that the operating profit in the first quarter of 2019 will be about 2.5-3 billion US dollars. We recall that last year this figure was equal to 1.9 billion US dollars.

After the company published its report, its securities fell in price. The decline was almost 5%. A pessimistic forecast for the second quarter and the announcement by the company’s management of the increase in expenses in 2019 became the reason for the fall. Costs will increase due to the creation of a new headquarters and an increase in the number of jobs.

Now the cost of Amazon is equal to 817 billion US dollars. Over the year, its capitalization has increased by 18%. The S & P 500 index has slipped by 5%.

 

The material was prepared with the participation of Katya Gordon,
a leading analyst of the brokerage company CT Trade

Related Articles

0 Comments

No Comments Yet!

There are no comments at the moment, do you want to add one?

Write a comment

Write a Comment