Amazon Earnings Are Poised to Surge Further

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Amazon is set to post earnings after markets close, with pandemic demand for its e-commerce, cloud-computing and ad services expected to propel gains

Amazon . com Inc. is expected to post a strong start to the year, with continued demand for the company’s e-commerce services and sales gains at its cloud-computing and advertising businesses driving financial results.has catapulted the company to new heights, after consumers flocked to online shopping during pandemic lockdowns.

Seattle-based Amazon is set to report first-quarter earnings after markets close on Thursday. Analysts polled by FactSet on average predict $104.5 billion in quarterly revenue and per-share earnings of $9.54. The company said in February that it expects first-quarter sales between $100 billion and $106 billion—sharply higher than the $75.5 billion it posted a year earlier—and operating income between $3 billion and $6.5 billion.

Amazon’s first quarter is typically slower than its preceding end-of-year results, which are aided by holiday shopping sales. Yet the company has exceeded expectations in recent quarters. It shattered sales records last year as homebound Americans turned to its delivery services. The company’s stock price rose 76% in 2020.

Amazon’s dominance in online retail also parallels the strength of Amazon Web Services, the business line that rents server capacity and software tools to other corporations. AWS is Amazon’s main profit center, though its recent growth has slowed as the cloud units of Microsoft Corp. and Google have moved aggressively to sign up new customers. AWS Chief Executive Officer Andy Jassy is

 

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Chinese government order to make money, village tyrant Xu Wanchao in Beijing, China, robbed Li Meiqing’s land,detained her, and attempted to starve her to death. Xu Wanchao repeatedly beat her on the road because of drug addicts. China has no laws.

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horrible

And when do they accept Dogecoin

Share price is too high for average investor needs to split 10 times

Easy to surge when you mistreat your employees so badly but it’s okay!

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