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Amazon sales of $113B disappoint Wall Street but profits of $7.8B exceed expectations

GeekWire

Amazon posted net sales of 113.1 The result was within the range of the company’s previously issued guidance of net sales between $110 billion and $116 billion. However, Wall Street analysts had expected Amazon to report overall net sales of $115 billion, on average, a 29% increase year-over-year. billion or $15.12

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Amazon’s online store sales dip below 40% of net sales for first time, and other earnings notes

GeekWire

The chart below is what Amazon’s net sales look like in raw numbers over the past several years, broken down into the major business segments reported by the Seattle-based company. Here are the same results, expressed as a percentage of net sales. Amazon Web Services posted revenue of $22.1

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Cloud startup Snowflake reveals financials in IPO filing as it battles Amazon, Microsoft, others

GeekWire

Cloud computing startup Snowflake Computing filed for an IPO on Monday, revealing its financial data for the first time as the company prepares to go public. based company said it more than doubled revenue to $242 million in the first half of 2020, with a net loss of $171.3 The San Mateo, Calif.-based

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Smartsheet stock soars 15% as Q3 revenue grows 46% to $144M

GeekWire

The Seattle-area software company set records “on multiple financial and operational levels,” CEO Mark Mader said in a statement following a third quarter earnings report. million and non-GAAP net loss per share was $0.03, beating expectations. Customers include Cisco, Meta, Adobe and Amazon Web Services.

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Walmart’s U.S. ecommerce sales top $10B as retail giant prepares to challenge Amazon Prime

GeekWire

net sales for the first time, according to GeekWire’s calculations, based on Walmart’s current and past financial results. Amazon reported total net sales of $88.9 However, those results also include sales from its Amazon Web Services cloud division. billion, up 5.6%, with profits of $6.5

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Amazon Prime Day, AWS and jobs in the spotlight for Andy Jassy’s first earnings report as CEO

GeekWire

While the company typically doesn’t disclose detailed Prime Day financial results, its overall numbers will provide new clues about how things went. What to watch in the numbers: Wall Street expects Amazon to report overall net sales of $115 billion , on average, a 29% increase year-over-year. per share a year ago. billion.

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Amazon’s latest earnings cap off a sterling 2020, despite the pandemic

The Verge

Amazon founder and soon-to-be-former CEO Jeff Bezos is stepping down from his role , making way for Amazon Web Services CEO Andy Jassy to take his place, and the company couldn’t be in better shape financially for the big transition. Amazon’s full-year 2020 net sales were up 38 percent, to $386.1

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