Wall Street expects the company to report 12% revenue growth, a modest acceleration from a year earlier.Feeling out of the loop? We'll catch you up on the Chicago news you need to know. Sign up for the weekly$11.7 billion in revenue, according to StreetAccount
40-year-old paid off $20,000 in credit card debt, then stopped using them completely: ‘I was more than happy to cut them up', thanks to widespread cost-cutting, tweaks to Amazon's fulfillment operations and the stabilizing of cloud spending. Operating income of $11.2 billion is expected, according to StreetAccount, up over 130% from a year earlier.
The company has laid off more than 27,000 employees since late 2022, with the cuts bleeding into 2024. During the first quarter, Amazon let go hundreds of staffers in itsand 2022, Amazon shares soared 75% last year, and have gained 19% year to date, outperforming the Nasdaq Composite, which is up about 6.5%.
Advertising, another high-margin business, will also be a key area to watch, with revenue projected to grow more than 23% year over year to $11.7 billion. Digital ad peers