NEW YORK (AP) — Amazon on Tuesday reported strong results for the first quarter, driven by growth in its cloud-computing unit and new advertising dollars from its Prime Video streaming service.
The Seattle-based e-commerce giant said it brought in $143.31 billion in revenue in the first three months of this year, a 13% jump compared to the same period last year. Net income came out to $10.43 billion, or 98 cents per share. That soundly beat Wall Street analysts’ expectations for 84 cents a share, according to FactSet.
“It was a good start to the year across the business, and you can see that in both our customer experience improvements and financial results,” Amazon CEO Andy Jassy said in a statement.
The nation’s biggest online retailer is coming off better-than-expected results for the holiday shopping period, when it saw strong consumer spending aided by discounts and faster shipping speeds. Amazon held another discount event in late March, right before the end of the first quarter.
Related articles:
Related suggestion:
11th batch of Chinese medical team provides medical services in Juba, South SudanTanzania to host field training for over 600 senior police officers from 14 African countriesInterview: Nigeria would learn from Chinese model of developmentNew productive forces key to growth, Xi saysOne year of war in Sudan, thousands killed, millions displaced amid imminent famineXi, Peng Liyuan Extend Chinese New Year Greetings to U.S. Lincoln High School Teachers, StudentsInterview: China sees rapid urbanization, integrated development in all fieldsNdosho Hospital struggles to cope with influx of patients amid armed conflictsChina's space station lab module Mengtian ready for launchRoundup: Ethiopian gov't, rebels agree to ceasefire
2.7583s , 6498.921875 kb
Copyright © 2024 Powered by Amazon reports strong 1Q results driven by its cloud ,International Image news portal