News Formal

Amazon Profit Falls Short Of Forecasts After Company Spends Big On Prime Shipping

  • 📰 Forbes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

rose 20% to $63.4 billion vs. analysts’ estimate of $62.5 billion. Q3 Net Sales Guidance : Between $66.0 billion and $70.0 billion, or between 17% and 24% growth compared with third quarter 2018.

rose 20% to $63.4 billion vs. analysts’ estimate of $62.5 billion. Q3 Net Sales Guidance

: Between $66.0 billion and $70.0 billion, or between 17% and 24% growth compared with third quarter 2018.Amazon’s operating expenses have increased 20% from last year, in part because the company$800 million in the second quarter to offer one-day delivery to Prime members. In particular, the cost of fulfillment—getting packages to customers—has increased more than 16% from 2018.

The effort is a bid to keep in step with Walmart, which is rolling out its own two-day delivery without a membership program like Prime.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Money well spent

In part because they can no longer pay 1099 couriers 2 bucks an hour.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Amazon Delivers Softer-Than-Expected Earnings; Stock Falls After HoursAmazon reported second-quarter results that were a bit softer than Wall Street had expected, sending shares down more than 2% in after-hours trading. The company said earnings came to $5.22 a share…
Source: DEADLINE - 🏆 109. / 63 Read more »