Discount promotions in the important Christmas business have given Amazon a surprisingly high quarterly turnover. The online retailer said sales were $149.2 billion.
Analysts had expected $145.42 billion. Operating income also surprised positively at $2.7 billion. Net profit, on the other hand, was only a fraction of market expectations at 300 million.
Sales are expected to exceed $120 billion
For the current quarter, Amazon is targeting revenue between $121 and $126 billion. The median is below the median forecast of $125.11 billion.
Operating profit is expected to be between $0 and $4 billion. Shares of the company fell 2 percent in U.S. after-hours trading.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
