Offbeat Amazon share rises after exchange: Amazon doubles quarterly profit
US tech giants bloom in the midst of the corona crisis on
© Reuters / REUTERS FILE PHOTO FILE PHOTO: The logos of Amazon Apple Facebook and Google San Francisco (Reuters) - US technology companies such as Apple, Google and Facebook have performed surprisingly well in the second business quarter shaped by the corona pandemic. In the midst of the worst US economic downturn since the Great Depression of the 1930s, the Internet giant Amazon even posted the highest profit in its 26-year company history.
Amazon shared its Q2 2020 quarterly results, and despite CEO Jeff Bezos predicting a rough quarter , the company’s profit almost doubled year-over-year. Share All sharing options for: Amazon doubled its profit during a pandemic.
Amazon doubles quarterly profit despite Covid spending. Amazon 's profits soared in its second quarter , despite heavy costs related to the coronavirus Amazon reported a huge beat across the board for its second quarter earnings on Thursday. The results show how Amazon is proving to be
FCC approves Amazon’s internet-from-space Kuiper constellation of 3,236 satellites .
Though there are caveats to the approvalThe company plans to send the satellites to three different altitudes, and it claims it needs just 578 satellites in orbit to begin service, according to an FCC document announcing the approval. Amazon has not announced which launch provider it plans to use to fly the satellites into orbit yet. While Amazon CEO Jeff Bezos also owns the rocket company Blue Origin, the launch provider will have to compete to launch the satellites along with other companies.
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Amazon shared its Q2 2020 quarterly results, and despite CEO Jeff Bezos predicting a rough quarter , the company’s profit almost doubled year-over-year. Share All sharing options for: Amazon doubled its profit during a pandemic. www.theverge.com
Amazon doubles quarterly profit despite Covid spending. Amazon 's profits soared in its second quarter , despite heavy costs related to the coronavirus Amazon reported a huge beat across the board for its second quarter earnings on Thursday. The results show how Amazon is proving to be news.google.com
What to expect from Amazon . Olivia Rudgard will be covering Amazon 's results this evening. " After a big spike in grocery shopping at the start of the year due to coronavirus lockdowns, the company could also have benefited from a second spurt in interest in homewares and furniture as customers www.telegraph.co.uk
Amazon reports record quarterly profit and 40% sales growth backed by strong COVID-related Net profit doubled from the year-ago period to a record $5.2 billion. The results show how Amazon is Amazon 's net profit far exceeded street expectations, as the company had previously warned that it www.businessinsider.com
Amazon and Apple have reported major quarterly gains, with the Jeff Bezos brainchild posting its biggest-ever profit while Apple saw strong earnings Though it had predicted it would lose money after dropping billions on coronavirus-related measures, Amazon ’s net income nonetheless doubled www.rt.com
Amazon was a notable exception as stay-at-home orders and pandemic fears helped boost sales from its Alphabet, Google's holding company, reported its first drop in quarterly revenue compared to the Its profit nearly doubled to rougly $6 billion from the same time last year. Part of the big jump
Amazon shares slump as retail giant misses quarterly profit estimates Expenses rose and company provided disappointing Q4 revenue forecast Amazon shares were down 6.8 percent in after -hours trading on the news Amazon .com reported a lower-than-expected quarterly profit on Thursday as expenses rose
(Bloomberg) -- Amazon .com Inc. reported profit that far exceeded analysts’ estimates, showing that the e-commerce giant can make money despite spending heavily to keep operating through the Covid-19 pandemic.Second- quarter earnings were $10.30 a share on revenue of $88.9 billion
Shares of Amazon stock shot up over 4% after the market close, after rising 0.6% during the regular trading session. The major indexes closed mixed, with the tech-heavy Nasdaq in the green ahead of Amazon , Apple, Facebook and Google parent Alphabet’s earnings reports.
An Amazon warehouse in Swansea. Analysts are forecasting quarterly revenues of almost £60bn. The retailer, which is run by the world’s richest man, Jeff Bezos, will release its sales and profit Sales at Amazon had already been increasing, but analysts at Bank of America say the lockdown has