Andy Jassy Portugal Entertainment film country Andy Jassy Portugal

Amazon Stock Tanks 5% On Quarterly Revenue Miss In Debut Of New CEO Andy Jassy

Reading now: 313
deadline.com

Amazon saw second quarter net sales of $113 billion, up 27% but below expectations, dinging the shares, which fell more than 5% in late trading.

Net profit came in at a strong $7.8 billion, or $15.12 a share — up from $5.2 billion or $10.30.Subscriptions services, which includes annual and monthly fees associated with Amazon Prime memberships, as well as digital video, audiobook, digital music, e-book, and other non-AWS subscription services, grew revenue by 32% to $7.9 billion.

Prime — which offers members unlimited free fast delivery and access to Amazon Prime streaming — is now available in 22 countries with the latest addition of Portugal.The company’s “other” segment, which primarily includes sales of advertising services, surged 83%,

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA