Amazon surprises with billions of profits – growth slows



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Especially with the consolidated profit, Amazon has been able to surprisingly significantly positive. The sales figures have disappointed the experts against something. The title, which had been booming for some time, rose another 2% after hours of opening.

Revenues rose 39 percent to $ 52.9 billion between April and late June, the company said Thursday in Seattle. However, the increase in sales has not been as strong as at the beginning of the year. In addition, experts expected slightly higher receipts.

In addition, growth over the three months from July to the end of September 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. Here again, Amazon is below the current estimate of the experts.

On the other hand, Amazon surprised on the quarterly profit. That rose to $ 2.5 billion. A year ago, the group had only earned $ 197 million over the same period. Since Amazon has been increasing sales for a long time, but still a sharp increase, but because of high investments in blocked red numbers or barely made money, caused surprisingly high profit for price gains after important working hours

for years on a high flight. In 2018 alone, the stock market value of the company has so far increased by more than half to 877 billion US dollars. This makes the online retailer the second publicly traded company in the world after Apple.

With the rise of Amazon, founder and CEO Jeff Bezos became the richest man in the world. Its assets, which consist mainly of the company's shares, according to a statement from the Bloomberg news agency is about $ 149 billion. (SDA)


Posted on 27.07.2018 | Updated at 01:23

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