Amazon Misses Earnings Estimates as It Grapples With Supply Chain Issues,...
Amazon missed Wall Street targets in income and earnings per share, with the reverberations from the pandemic continuing to impact the company in good ways and bad. On the one hand, net sales increased...
View ArticleAmazon to Raise Price of Prime Membership
As part of its fourth-quarter earnings report, Amazon announced that it would raise the price of Amazon Prime memberships for the first time in four years, citing investment in the company’s...
View ArticleAndy Jassy’s $212M Pay Package Tied to Promotion to Amazon CEO
In his first year on the job, Amazon CEO Andy Jassy received a pay package that totaled more than $212 million, making him another executive with ties to entertainment to receive a nine-figure payday....
View ArticleAmazon Posts $2B Loss, Still Beats Wall Street Expectations
Amazon beat Wall Street expectations for its second quarter 2022 earnings Thursday, reporting revenues of $121.2 billion, up 7 percent from a year earlier and well above the $119 billion consensus....
View ArticleAmazon Records $3.2B Profit Amid Ads Business Expansion, Corporate Layoffs
Amazon reported a net profit of $3.2 billion in the first quarter, thanks in part to a fast-growing advertising business and strong performance from Amazon Web Services (AWS). The strong quarter also...
View ArticleAmazon Advertising Revenue Soars Amid Ramp Up for ‘Thursday Night Football’
Amazon saw its profits grow in the second quarter, reporting net income of $6.7 billion or $0.65 per diluted share, after reporting a net loss of $2.0 billion, or $0.20 per diluted share, in second...
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