Amazon’s First Quarter Revenue Exceeds Expectations

Amazon's First Quarter Revenue Exceeds Expectations
Amazon's First Quarter Revenue Exceeds Expectations

The net sales revenue of US-based e-commerce giant Amazon.com Inc. was $ 59.7 billion in the first quarter of the year.

According to the balance sheet figures announced by Amazon, the company’s operating profit was 4.42 billion dollars. The expectation was $ 3.10 billion.

The company raised its net sales revenue forecast for the second quarter of the year from $ 59.5 billion to $ 63.5 billion. Expectations are at $ 62.37 billion.

E-commerce company’s second-quarter operating profit forecast increased from $ 2.6 billion to $ 3.6 billion. Expectation is $ 4.18 billion.

Amazon’s earnings per share was $ 7.09 in the first quarter. It was above the $ 4.67 expectation.

Revenues showed the slowest growth in the last four years in the first quarter. 

However, in the first quarter of the year, Amazon.com increased its profits by more than twice the same period last year.

Amazon's First Quarter Revenue Exceeds Expectations
Amazon’s First Quarter Revenue Exceeds Expectations

Who is Amazon.com?

Founded in July 5, 1994 by Jeff Bezos in America, amazon is an e-commerce and cloud computing company. Although there are many sectors in which it serves, this is the case with 2 areas where it has entered the market and is most popular and developed. Today, it has become the 1st biggest company in the world both in terms of sales volume, awareness and business quality. It is named after the Amazon River, the largest river in the world. With its 20.000 employees, it ranks first among the best employers in the world. Amazon in the United States, Britain and Ireland, France, Canada, Germany, İtayl, Spain, the Netherlands, Avustrayl, Brazil, Japan, China, India, Mexico, Singapore and Turkey for convenience shopping sites. 

Other companies within the Amazon group; Alexa.com, Goodreads, a9.com, 43things.com, Audible.com, IMDb and Twitch.tv

What is Amazon?

Real Time Stocks Status

https://finance.yahoo.com/quote/AMZN?p=AMZN

Add comment

Your email address will not be published. Required fields are marked *

Author

specialmedia

Welcome Our Web Site. If you want investment to stocks, you can read our articles.