
Amazon, the world's largest online retailer, reported better-than-expected results for the previous quarter, but revenue fell short of expectations for this quarter. After the trading session, the company's shares fell: Amazon 174.99 (-4.93%) .
In the last quarter, the website's revenue reached 147.977 billion. dollars, when it was expected to amount to an average of 148.56 billion. dollars. Compared to the same period a year ago, they rose by more than ten percent.
Amazon's operating profit jumped 91 percent to $14.672 billion during the period. dollars, and the net profit doubled to 13.485 billion. dollars or up to 1.26 dollars per share.
Analysts predicted that this company's quarterly profit per share will reach an average of $1.03.
In total, after the first half of this year, Amazon's revenue reaches 291.29 billion. dollars, or over eleven percent more than in the first six months of 2023. Operating profit jumped from 12.455 to 29.979 billion. dollars, and the net profit – from 9.922 to 23.916 billion. dollars.
The company's management expects that during this quarter the income will reach 154 – 158.5 billion. dollars, that is, it will grow by 8-11 percent, or will amount to an average of 156.25 billion. dollars, when the average of analysts' forecasts was 158.24 billion. dollars. Operating profit should reach 11.5 – 15 billion. dollars, when a year ago it was 11.2 billion. dollars, and the average of analysts' forecasts was 15.3 billion. dollars.
Amazon's stock price has risen twenty-three percent this year, and nearly forty percent over the past one year. For comparison, the Nasdaq index grew by 16.4 and 20.4 percent, respectively