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Stockreport

Amazon triples quarterly profit as cloud and ads grow [Yahoo! Finance]

Amazon.com, Inc. (AMZN)  More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Amazon shares were up more than 3 percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI. "It was a good start to the year across the business," Amazon chief executive Andy Jassy said in an earnings release. The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion compared with a profit of $3.2 billion on $127.4 billion in sales in the same period a year earlier. Jassy said companies modernizing their tech infrastructures have been drawn to artificial intelligence capabilities of AWS cloud computing division, which is on track to bring in a billion dollars over the course of the year. AWS revenue in the recently ended quarter was $25 billion compared with $21.4 billion in the same period last year, the earnings figures showed. Jassy also pointed to Amazon's young ad business that was gaining momentum at its online shop and Prime streaming television service. The [Read more]
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Stockreport

Amazon triples quarterly profit as cloud and ads grow [Yahoo! Finance]

Amazon.com, Inc.  (AMZN) 
More Company Research Source: Yahoo! Finance
Last amazon.com, inc. earnings: 4/30 04:01 pm Check Earnings Report
US:NASDAQ Investor Relations: phx.corporate-ir.net/phoenix.zhtml%3fc%3d97664%26p%3dirol-irhome
Amazon shares were up more than 3 percent in after-market trades that followed release of the earnings figures, with Wall Street keeping a close eye on the impact of AI. "It was a good start to the year across the business," Amazon chief executive Andy Jassy said in an earnings release. The Seattle-based company reported $10.4 billion in profit on revenue of $143.3 billion compared with a profit of $3.2 billion on $127.4 billion in sales in the same period a year earlier. Jassy said companies modernizing their tech infrastructures have been drawn to artificial intelligence capabilities of AWS cloud computing division, which is on track to bring in a billion dollars over the course of the year. AWS revenue in the recently ended quarter was $25 billion compared with $21.4 billion in the same period last year, the earnings figures showed. Jassy also pointed to Amazon's young ad business that was gaining momentum at its online shop and Prime streaming television service. The [Read more]
IMPACT SNAPSHOT
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AMZN
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Price Change %
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%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
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Multi-day stock performance from the time of the news release
LAST PRICE
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Low:
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%
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EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
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