Monday, 22 April, 2019

Amazon (AMZN) 4th Quarter Earnings: What to Expect

Amazon Posts Big Q4 Earnings Beat Weak Q1 Sales Guidance Amazon wage hike pays off as it reveals record profits
Russell Knight | 03 February, 2019, 14:43

In the third quarter, Amazon pulled in US$2.9 billion in quarterly profit, with sales that climbed almost 30 per cent to US$56.6 billion.

Amazon's fourth-quarter revenue rose 20% year over year, to $72.4 billion. Analysts surveyed by Zacks had expected revenue of close to $61.2 billion.

For the full year, Amazon's net income reached $10.1 billion, or $20.14 per diluted share, compared with a net income of $3 billion, or $6.15 per diluted share, in 2017. $232.9 billion (crossed the $200 billion threshold for the first time).

More than half (58 per cent) of Amazon's overall operating income came from AWS.

Operating income increased to $12.4 billion, compared with operating income of $4.1 billion in 2017.

Additionally, the company's net income increased to $3.0 billion United States dollars (roughly $3.94 billion CAD) in Q4 2018, compared to $1.9 billion USD (roughly $2.49 billion CAD) in Q4 2017.

AWS now represents 10 percent of Amazon's total quarterly sales and its cloud business has become crucial to the success of its parent company.

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In addition to one count of insurance fraud in the third degree, Goldinsky is being brought up on charges of theft by deception. Police in New Jersey arrested a man accused of slipping and falling on goal to file an insurance claim.

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Dart Container Corp., switched natural gas boilers to oil and curtailed some operations near Lansing that use natural gas. Consumers Energy's CEO Patti Poppe made an appeal Wednesday night for customers to reduce their natural gas usage.

It's no secret Amazon has always prioritized growth at the expense of profits.

Amazon has revealed a record profit as a jump in Christmas sales meant it shrugged off the impact of a hefty pay increase for its staff. Chick-fil-a, an American fast-food restaurant, incorporates deep learning through the use of Apache MXNet with Amazon SageMaker to measure the freshness of their Waffle Fry and improve their customer's experience, whereas a new AWS service called AWS RoboMaker provides a Cloud9-based robotics integrated development environment for development of applications, robotics simulations that enhance application testing, and fleet management for remote application deployment, update, and management. Advertising accounts for most of Amazon's "Other" category, which is not an official business segment.

While its shares closed up nearly 3% at $1,718.73 ahead of earnings, the higher business investment and costs and lower guidance had shares indicated down nearly 5% at $1,640.00 ahead of Friday's opening bell.

Dave Fildes, Amazon's Director of Investor Relations, said on Thursday's earnings conference call that Amazon is "continually evolving" its tools and services for advertisers, to "make sure they've got a variety of ways to meet their goals".

"Alexa was very busy during her holiday season", CEO Jeff Bezos said in Amazon's fourth-quarter earnings on Thursday. The number of research scientists working on Alexa has more than doubled in the past year, and the results of the team's hard work are clear.

Alexa was fielding a wild number of requests over the holiday season, and little wonder - Amazon sold more Echo Dots than any other product in 2018.

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