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Amazon said it earned $15.3 billion, higher than the $12.21 billion industry analysts surveyed by FactSet had anticipated. Net sales increased 11% compared with the third quarter of 2023, Amazon said.
E-commerce behemoth Amazon increased its net sales 11% to $134.4 billion in the second quarter as analysts monitor consumer spending in both the cloud and retail markets.
In Forbes Global 2000 2023 Amazon ranked 36th. [163] For the fiscal year 2021, Amazon reported earnings of US$33.36 billion, with an annual revenue of US$469.82 billion, an increase of 21.7% over the previous fiscal cycle. Since 2007 sales increased from 14.835 billion to 469.822 billion, due to continued business expansion. [citation needed]
The company posted revenue of $148 billion, a 10% increase that fell slightly below analyst expectations of $148.67 billion. Amazon also said it expects revenue for the current quarter, which ends ...
Bezos finally decided that his new business would sell books online, because of the large worldwide demand for literature, the low unit price for books, and the huge number of titles available in print. [12] Amazon was founded in the garage of Bezos' rented home in Bellevue. [9] [13] [14] Bezos' parents invested almost $246,000 in the start-up ...
In March 2014, Amazon announced an increase in the annual membership fee for Amazon Prime, from $79 to $99 for customers in the United States. [ 14 ] [ 21 ] Shortly after this change, Amazon announced Prime Music, a service in which members can get unlimited, ad-free streaming of over a million songs and access to curated playlists. [ 22 ]
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Analysts had expected earnings per share of $1.16 on revenue of $157.29 billion. The stellar report helped offset lingering concerns about mounting capital expenditures.