Wall Street had been anticipating earnings per share of $6.25 on revenue of $73.61 billion, based on Refinitiv consensus estimates. Amazon Web Services revenue was expected to come in at $10.33 billion, based on FactSet estimates. However, it's difficult to compare reported earnings to analyst estimates for Amazon's first quarter, as the coronavirus pandemic continues to hit global economies and makes earnings impact difficult to assess.
Some of the $4 billion will also fund higher wages for workers, personal protective equipment , better cleaning protocols at facilities and "less efficient process paths" that will allow for social distancing. Olsavsky told CNBC Amazon saw a big spike in grocery sales. Physical store sales were up 8% year-over-year in the first quarter, which Olsavsky said was mostly in March after previously seeing growth around 1% per quarter.
He BETTER! I'm not buying anything from Amazon until their workers, USPS, UPS, FedEx are protected!
Why can't we all pay billionaire Bezos tax rate? Maybe we could make a descent profit
Grand
Jeff I believed in you when everyone made fun of Amazon taking on barnesandnoble out of your garage and i scrapped to buy your stock at $14 a share in my IRA. I still see a great future still in your company because of you I will have a decent retirement TY!
How about paying your employees a above minimum wage!
Amazon made $4 billion in profit in Q2 but still pays no taxes...WTF?!
Key words 'it's response'. Don't be fooled, billionaires don't spend billions on anything but themselves. I see another Nonprofit coming. 'YOU FOOLISH PAWN'S' -GREED
Good 💯
Or they could pay taxes. But then they wouldn’t get positive press over this generous “donation.”
And by coronavirus response they mean union busting as covid makes its way through their workforce.
Shareholders will probably never see dividend earnings from Amazon.
This bezos is very scary, greedy, horribke scary face, Eikhk
Continuing to build for their future, as always. Amazon playing the long game and will continue to dominate for many many years
What happened to stock pumping?
This is why U own AMZN
Dan Nathan does it again hating apple; he has been doing that for years & Appl goes up. Keep it up you have lost a lot of money because of your negativity!
I am a shareholder and I love this.
Amazon aint shit, talk about how they been holding their 3rd party sellers money up and how that fucks their paying back employees n vendors. Amazon is making hella money off price gouged items, taking their cut, punishing the seller by keeping all their funds. Win, win, win!
Powerful words that smacked investors across the face
stoolpresidente
Give it direct to governors like NYGovCuomo cc JeffBezos