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Just a day after Facebook's disappointment, another representative of the FAANG-Amazon group exceeded the expectations of financial badysts and badysts. first crossed the threshold of 2 mld. quarterly earnings in dollars, reported the Financial Times. The online services offered by the company (AWS) and the dominant distribution sector are the reason for good results in the context of a dark week on Wall Street, after Facebook has cleared more than 20% of his score on the market. more than a billion dollars at the end of last year, and for the last quarter, it reached 2.5 billion dollars. Profits of Jeff Bezos increased by 39% to 52.9 billion dollars, half a billion less than badysts anticipate. However, the profit is within the company's projected range of $ 51 billion to $ 54 billion. The difference is due to Amazon's continued losses on international operations
The second-quarter margin also exceeds expectations of just over 3% to 5.6%. In addition to increasing online user content and good performance in the e-commerce sector, Amazon is also increasingly interested in third-party sales
What Amazon Wins [19659003] From The key issue this quarter is the strong growth of our most profitable business, AWS, as well as advertising, "says Brian Olsawski, Chief Financial Officer. It also adds "better than expected" results from last year's investment, including warehouses, data centers and marketing.
Daniel Ives, an badyst at GBH Insights, believes that Amazon's online services have priority and overall profits have accelerated much faster than expected on Wall Street. "
Jeff Bezos, the richest man in the world, also expects the upward trend to continue during the quarter. quarter of $ 1.4 billion to $ 2.4 billion, slightly above badysts' estimates of $ 1.3 billion.In comparison, in the third quarter, gross earnings were $ 347 million The company expects net income growth of between 23 and 31 percent in the current quarter, at $ 54-57 billion, which is more conservative than badysts' expectations of $ 58 billion
Amazon Web Services jumped almost twice during the period and reached $ 6.1 billion, and their operating profit – from 84% to $ 1.64 billion. business is the North American retail market, which has experienced a growth of 44% and revenues of 32 billion, which is expected by badysts
Not all pink [19659005] The company's performance in the international market is disappointing since she announced last year that she would be investing in foreign markets like India. However, the losses are lower than last year – while for the second quarter of 2017, they are $ 724 million, this time a little less than $ 500 million. Advertising generates $ 2.2 billion in revenue, an increase of 129%
At the same time, spending rose by one-third to nearly $ 50 billion thanks to investments in the Prime program, the Logistics infrastructure and video content. Delivery costs also increased – from 31% to nearly $ 6 billion
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