The bull case remains strong for Amazon.com, Inc., whose stock value has catapulted over 1,300% in the last decade. Still, there are a few things bears would like you to note. Jeffrey Bezos, the chief executive and founder of Amazon.com, Inc. (NASDAQ: AMZN), might have lost a sizeable chunk of his fortune in a divorce settlement to his ex-wife last year, but he still ended...
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Amazon’s share price fell 2.4 per cent to $1738.2 on the Nasdaq after billionaire Jeff Bezos’ company’s profits fell for the first time in two years yesterday. Earnings dropped to $2.13bn (£1.66bn) in the three months to the end of September, down from $2.88bn this time last year. The 26 per cent fall in profit was down to Amazon spending big on free shipping and...
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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....
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Investors have supported Amazon shares over the years as it continues to sacrifice profit for rapid growth. But how do you value a company with such a diverse portfolio of operations? We have a look at how Amazon shares have performed, and what will influence the share price in the future. ‘We’ve had three big ideas at Amazon that we’ve stuck with for 18 years,...
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