Amazon has another 'Prime' holiday: Profit tops $3 billion

Amazon has another 'Prime' holiday: Profit tops $3 billion

Amazon has another 'Prime' holiday: Profit tops $3 billion

Sales came in at $72.4 billion, beating estimates by $580 million. This compares to the year-ago quarter when earnings came to $2.16 per share on revenue of $60.45 billion.

Net income increased to $3.0 billion in the fourth quarter, or $6.04 per diluted share, compared with net income of $1.9 billion, or $3.75 per diluted share, in fourth quarter 2017.

"We are getting more and more creative around getting efficiency up and getting our cost of acquisition down".

Nonetheless, he said that compared to many other retailers, the firm's retail sales figures were still strong.

"Alexa was very busy during her holiday season", said Bezos. This is in line with the 46% year-over-year revenue growth the segment saw in Q3.

The e-commerce giant spent $9 billion on shipping in the fourth quarter, according to its latest quarterly results.

But besides revenue, profit is also a huge deal, and AWS nailed it there, as well.

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Net sales are expected to be between $56 billion and $60 billion, or to grow between 10% and 18% compared with first quarter 2018. This time that didn't happen.

For one thing, the law of large numbers is finally starting to apply, making it harder for Amazon to maintain such huge percentage jumps. Both are double-digit improvements over the previous year. In-store pickups of online grocery orders don't count as physical store sales, further clouding the ability to track the performance of Amazon's grocery push.

"With so many opportunities, the biggest problem facing Amazon CEO Jeff Bezos is where to focus the attention", he added.

Amazon's cloud business AWS is earning the company big bucks.

Company executives said they are looking beyond the amazon.com website when it comes to being a player in the digital ad market dominated by Google and Facebook, and is even dabbling with video ads. "It's also slowly chipping away at search ad dollars that were once going to Google". Chick-fil-a, an American fast-food restaurant, incorporates deep learning through the use of Apache MXNet with Amazon SageMaker to measure the freshness of their Waffle Fry and improve their customer's experience, whereas a new AWS service called AWS RoboMaker provides a Cloud9-based robotics integrated development environment for development of applications, robotics simulations that enhance application testing, and fleet management for remote application deployment, update, and management.

The speedy Prime Now delivery service is live in more than 10,000 cities, Amazon said in its earnings report, and it now serves the majority of Prime members. Building warehouses and data centers around the world, inventing new devices and automating tasks usually done by humans are just some of the places Amazon spends its money.

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