On Friday, the government is expected to report that the economy grew at a healthy 3.3 percent annual pace from July through September. That purchase happened in the middle of the third quarter last year, which meant that Amazon included only about a month's worth of Whole Foods' revenue in its third-quarter results last year, versus a whole quarter's worth this time around. "Investors are waiting for more visibility for things to see where the rotation takes them", said Andre Bakhos, managing director at New Vines Capital LLC in Bernardsville, New Jersey. "But if you dig in a little deeper, there are cost pressures which are building up and are mainly responsible for this period's disappointment". Analysts watch Amazon's revenue growth more closely than any other indicator of the company's future health. But it had some mildly disappointing news for Wall Street today.
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"Overall, Amazon's growth trajectory remains solid, including advertising, grocery, pharmacy, and specialty retail, as well as Amazon Business ($10 billion in sales in eight countries) and Amazon Web Services", Telsey Advisory Group analysts said.
The operating margin for AWS is up to 31 percent this quarter, Olsavsky noted.
After falling as low $1028.77, Shares of Alphabet were down about 3 percent to $1,071.01 after hours from their close at $1103.59.Читайте также: Red Sox have already won the World Series according to Google
Amazon forecast fourth-quarter operating income between $2.1 billion and $3.6 billion, below the $3.87 billion expected by analysts, according to FactSet. Google's other revenue, which includes its cloud business, grew 29 percent on year, 4 percent below estimates of Cowen & Co. analysts. Amazon's admission of its reliance on Diwali sales underscores just how crucial India is to the e-commerce behemoth's global ambitions.
The Waymo operation in Phoenix is in the early stages of testing pricing, Alphabet Chief Financial Officer Ruth Porat said on a conference call on Thursday, noting that some employers were sponsoring workers' rides. The outlook may reflect rising labor or shipping costs, he added.
Revenue from Amazon's worldwide business, which brings in 27.5 per cent of total sales, was at the heart of the shortfall in results, growth halving to 13.4 per cent compared to the previous quarter. It purchased online pharmacy PillPack in June, which followed its US$13.7 billion acquisition of Whole Foods previous year to jump start its grocery business.
Amazon hit a trillion-dollar valuation earlier this year and shares have soared as the internet retailer has shown that its sales growth has started to be matched by regular profits. (MSFT.O) and Apple Inc. Shares in Amazon were down 9 percent in premarket trading.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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