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:
Xi Makes Video Calls to People Across China, Extending Festive Greetings Ahead of Year of RabbitBeijing looks to boost green technology developmentPresident Xi Delivers Video Address at CELAC 7th SummitChinese, Turkmen Presidents Hold Talks, Elevating Ties to Comprehensive Strategic PartnershipCPC Leadership Meeting Stresses Implementing Decisions, Plans of Key Party Congress in UnityCountry plays leading role in intl patent applicationXi Presents Certificate of Order to Promote Military Officer to Rank of GeneralXi Story: A Chinese New Year TraditionWorld Insights: Xi's Trip to Middle East Significant to Promoting Peace, CooperationXi's Speech at 1st Plenum of 20th CPC Central Committee to Be Published
2.5157s , 6500.9296875 kb
Copyright © 2024 Powered by Amazon reports strong 1Q results driven by its cloud ,International Impression news portal