Amazon Tops Earning Expectations, Hints at What's Next for Whole Foods, Video
Posted in: UncategorizedMuch curiosity preceded Amazon’s third-quarter results, and the Seattle-based ecommerce giant did not disappoint when it reported earnings that topped analyst expectations on Thursday.
For the period, net sales were up 34 percent to $43.7 billion, compared with the year-earlier periodthat includes $1.3 billion from Whole Foods Market, acquired in late August. Net income, at $256 million, was up 1.5 percent from $252 million last year. One of the company’s fastest-growing divisions is Amazon Web Services cloud computing offering, where sales skyrocketed 42 percent to $4.6 billion.
Below, some other key takeaways from the company that’s constantly turning retail on its head.
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