Amazon Shares Drop on Concerns of Rising Costs, India Growth
Amazon Shares Drop on Concerns of Rising Costs, India Growth
Amazon wage hike pays off as it reveals record profits
01 February, 2019, 23:27
Amazon's worldwide biz continues to be a drag on finances, the unit shifted $20.1bn in sales, up 12 per cent, but turned a $642m loss for the quarter. Analysts projected US$71.9 billion.
Amazon has forecast lower-than-expected sales for the first three months of the year sparking investor fears over slowing growth.
The company blamed unfavourable foreign exchange rates for first-quarter sales guidance that undershot analysts' estimates.
Shares of Amazon are up around 17% over the a year ago.
"At some point, they're going to have to look for more sales opportunities outside of traditional retail, otherwise the law of large numbers is going to have a greater impact on future sales growth", said Tom Forte, managing director and senior research analyst at D.A. Davidson.
"In 2018, we improved Alexa's ability to understand requests and answer questions by more than 20 per cent through advances in machine learning, we added billions of facts making Alexa more knowledgeable than ever, developers doubled the number of Alexa skills to over 80,000, and customers spoke to Alexa tens of billions more times in 2018 compared to 2017".
Sen. Cory Booker Announces 2020 Presidential Bid They added that Booker - who turns 50 in April - will return to New Hampshire over President's Day weekend. It will be hard to find a more gifted orator in the 2020 Democratic field than the New Jersey senator.
Lesufi devastated after school walkway collapse Police are investigating the death of three pupils at a Vanderbijlpark High School this morning. ER 24's Russell Meiring says a lot of the pupils have sustained crush injuries and fractures.
Worldwide shipping costs increased 23 percent in the fourth quarter, outpacing online sales growth and highlighting the strain of free shipping promotions Amazon launched to fend off competition from Walmart Inc. and Target Corp. over the holidays. A lucrative cloud computing business, as well as fees that merchants pay Amazon to ship and advertise their products, has fattened the company's once-thin profit margin.
AWS revenues were $7.43bn on the quarter, up 46 per cent year-on-year, while operating income for the cloud biz was $2.2bn, up 63 per cent. On Thursday, Amazon reported that Amazon Web Services generated $7.4 billion in revenue, up 45 percent year over year.
Amazon stock was up almost 3 per cent Thursday evening and closed for the day at US$1,718.73 per share. Earnings surged to $3 billion, or $6.04 a share, handily beating analysts' expectations of $5.67, according to Yahoo Finance.
Market capitalization. Grew to $840 billion Thursday afternoon, more than Microsoft, Apple, or any other publicly traded company. Amazon in October pledged to pay all of its warehouse employees at least $15 an hour, while eliminating some bonuses and stock awards.
The better-than-expected results were offset in part by a disappointing outlook for sales growth in the current quarter. Sales in physical stores, which are predominantly Whole Foods locations, decreased 2.7 percent to $4.4 billion. AWS accounted for 10 percent of the company's net sales in the quarter, up from 8 percent in the year-earlier period.
Amazon has historically delivered relatively little profit as it fulfills Bezos's strategy of investing to stay ahead. The success of Amazon has made Mr Bezos, 55, chief executive, the world's richest...
No tax will be deducted on interest earned on bank and post office deposits of up to Rs 40,000 annually, up from Rs 10,000 now . There will also be no tax on notional rent on the second self-occupied house and no TDS on house rent up to Rs 2.4 lakh.
Acquiring companies tend to promise they'll leave a purchased asset alone, but it never lasts - for mostly good reason. A company spokesperson, while speaking to CNBC, ensured that all three apps would be offering end-to-end encryption.
Splatoon 2 hit 8.27 million worldwide and with 3.3 million sales in Japan becomes the best-selling Switch game in its homeland. Nintendo has announced that Mario Kart Tour , an upcoming mobile entry in the much-loved racing series, has been delayed.
The American Academy of Pediatrics suggests no more than one hour of screen time for kids between two and five-years-old. This increased to 25 hours a week when the children turned three years old, and 11 hours per week at five years of age.
This evening, the Marvel movie won the Best Cast Ensemble Prize, the SAG Awards' equivalent to the Academy Awards' Best Picture. Alan Alda earned a SAG Life Achievement Award - and a warm standing ovation - in recognition of his illustrious career.
He picked up a five-wicket haul and with figures of 5/21, he now has the second-best figures for a New Zealander against India . The fifth and final one-dayer will be played in Wellington on Sunday, followed by three Twenty20 Internationals.
It's not easy to miss, however, with its big pink building with a blob of yellow ice cream on the top named SOFDEEZ. Please remember, though, that there will be plenty of other players around all of these locations.
Leaving the INF treaty would allow the Trump administration to counter the Chinese, but it's unclear how it would do that. Pompeo said the US can "no longer" be restricted by the treaty when it isn't kept.
He was reported in December to be " healing well , " but has been the subject of conflicting reports as to his return. Porzingis is "searching for clarity on his future role with the team and Knicks direction", Wojnarowski adds .
Warnings for snow and ice issued across the UK
As the cold snap continues Worthing has been issued with a warning to expect "heavy snow" this evening (Thursday, January 31). The Met Office is forecasting a night of snow for Banbury and the surrounding areas with a yellow weather warning in place.
Arctic cold pounds on U.S. Northeast and Midwest
A University of Iowa student was found dead on campus of possible exposure early on Wednesday, according to university officials. You've probably heard by now that a polar vortex is blanketing parts of the USA in snow, ice, and beyond-freezing weather.