Amazon stock could double over the next several years, thanks to a big upswing in profits Shares of Amazon (NASDAQ:AMZN) continued on their torrid run higher in 2019 after the technology giant reported first-quarter numbers that smashed profit expectations. Specifically, profits came in more than 50% above expectations and doubled year over year. Amazon stock popped in response, and is now up 30% year to date. This...
Though the online retail giant had record profits in Q4 2018, Amazon’s Q1 revenue was projected to be between $56-$60 billion. That’s less than the $60.8 billion expected from Wall Street. The company offered weak guidance for Amazon’s Q1 profits because of higher wages for workers, expansion of cloud services, and opening of grocery stores. Amazon’s operating income is projected to be between $2.3-$3.3 billion, a surge of 21-74% year-over-year....
Amazon made a record net profit of $2.9bn (£2.2bn) during the third quarter to 30 September, up from $256m (£119m) during the same period in 2017. Its operating profit increased from $347m (£270m) in 2017 to $3.7bn (£2.8bn). Sales jumped 29% to $56.6bn (£44.1bn). However, Amazon said it expected slower growth in sales between now and the end of the year. It forecasts net sales of between $66.5bn (£51bn)...
Amazon (NASDAQ:AMZN) began life as a humble bookseller before branching out into all corners of retail. Today the company is best known as an e-commerce giant, with online retail sales set to top $100 billion this year. But it’s much more than just an online retailer. In fact, Amazon’s financial reports reveal a company that is playing by different rules than its competitors. Rather than driving profits...
I’ve pounded the table for Amazon.com, Inc. (NASDAQ:AMZN) for some time now — and I still think Amazon stock has more upside. Blowout gains following Q3 earnings sent the stock over $1,200 — but a recent pullback has sent the AMZN stock price down about 6% from those highs. I don’t see the dip as changing anything relative to Amazon’s long-term outlook. I argued last month that...
