Growth slows: Amazon surprises with billions of profits

19659005] Amazon is not growing as fast as it used to be. And over the next three months, sales are expected to increase even more slowly. But that does not mean that the high fly of the online retailer would be over – on the contrary.

Amazon, the largest online retailer in the world, continues to benefit from the growth of e-commerce and the prosperity of IT services. The turnover and profits rose again significantly in the second quarter – just in terms of profit, Amazon surprised positively. Sales figures were somewhat disappointing. The stock, which had been booming for some time, gained 2% after working hours

Between April and the end of June, revenues rose 39% to $ 52.9 billion (45%). $ 22 billion). As a result, revenue growth was not as strong as at the beginning of the year. The experts had also forecast slightly higher incomes. In the three months from July to the end of September, growth is expected to slow down somewhat. For the third quarter, Amazon's boss, Jeff Bezos, is targeting sales between $ 54 billion and $ 57 billion, an increase of 23 to 31 percent over the previous year. Again, Amazon is below the current estimate of the experts.

The positive surprise, however, was Amazon's profit. That climbed to $ 2.5 billion. A year ago, the group had only earned $ 197 million. Since Amazon has been increasing sales for a long time, but because of high investments in blocked red numbers or had hardly made money, caused surprisingly high profit for significant gains after hours of course. the floor, the stock on the Nasdaq gained 3% to $ 1,875.70 on trading platforms, an unprecedented level on the floor. For this course, Amazon was worth more than the top ten Dax companies combined. On Thursday, the title of Amazon had lost just under three percent in regular trading because of the weakness of all technology stocks due to disappointing Facebook figures.

Amazon's paper has been high for years. In 2018 alone, the stock market value of the company has so far increased by more than half to 877 billion US dollars (753 billion euros). This makes the online retailer after Apple the second most valuable listed company in the world. With the rise of the Amazon, founder and CEO Jeff Bezos has become the richest man in the world. His fortune, which consists primarily of the company's stock, stands at about $ 149 billion, according to a Bloomberg news agency release.

Source: n-tv.de