AWS revenue represented 10% of total quarterly sales at Amazon, but 58% of the company's overall operating income. Net sales increased 31 percent to $232.9 billion, compared with $177.9 billion in 2017. Chief Executive Officer Jeff Bezos has been pushing beyond the low-margin business of selling goods online into more profitable categories like cloud computing and advertising. In December, Amazon said it broke new records for the holidays - an announcement it tends to make every year - but didn't offer much as far as details.
Shares of the company fell 5 percent to $1,635 after the bell.
For the first quarter of fiscal 2019, Amazon is expecting net sales between $56 billion and $60 billion. Analysts projected US$71.9 billion.
Amazon posted a 63 per cent jump in net income to US$3.03-billion for the fourth quarter, ahead of analysts' estimates.
Sales at Amazon Web Services climbed to $7.43bn from $5.11bn a year ago, topping the $7.29bn estimated by analysts. Operating expenses grew 18 per cent in the recent quarter.
Retail sales in the US from November 1 through Christmas Eve rose 5.1% to more than $850 billion, according to Mastercard SpendingPulse.
Ad sales and "other" revenue jumped 95 per cent to US$3.4-billion in the fourth quarter. Shares fluctuated between gains and losses in extended trading after the report and were little changed at 5:19 p.m.in NY. Although its operating loss shrunk to US$642-million from US$919-million in the quarter, rules in India created concern.Читайте также: Kyrie Irving's interest in reuniting with LeBron James is 'for real'
Investor excitement about Amazon's growing profits helped push the stock to a record high in September, before the shares dipped during a broader market slump at year's end.
Amazon stock was up almost 3 per cent Thursday evening and closed for the day at US$1,718.73 per share.
A tight labor market, rising shipping costs and money-losing investments overseas remain threats. Amazon projected first-quarter growth to hit between 10 and 18 per cent compared to the same period a year ago.
Overall, net sales for the fourth quarter were $72.38 billion and beat analysts' average estimate of $71.87 billion on the back of a strong holiday season, which includes the major US shopping event Black Friday. Sales from Amazon's physical shops - from Whole Foods to its bookstores and Amazon Go - were down three per cent, though Whole Foods saw six per cent growth in revenue when you adjusted for overlapping financial quarters. The online retailer's brick-and-mortar strategy also includes bookstores and a cashierless convenience store called AmazonGo, which lets customers check in with a smartphone app and be charged automatically based on what they remove from the store.
And indeed, Amazon continues to show outsize profits and growth in AWS and advertising. Building warehouses and data centers around the world, inventing new devices and automating tasks usually done by humans are just some of the places Amazon spends its money.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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