Earnings per share (GAAP): $3.27 a share versus an expected $1.26. Revenues came to $51 billion, up 43 percent year-over-year. Shares climbed in after-hours trading.
The Seattle-based firm spotlighted the juggernaut growth of its Amazon Web Services (AWS) division, which hosts services and content that companies in the internet cloud. In the previous quarter, which included the busy holiday shopping season, it had a profit of more than $1.8 billion.
AWS had the unusual advantage of a seven-year head start before facing like-minded competition, and the team has never slowed down.
Toronto police give update following Monday's deadly van attack
Twenty-five-year-old Alek Minassian has been charged with 10 counts of first-degree murder and 13 counts of attempted murder. The scene showed a man standing in front of a white van with a dented bumper, like the one Minassian is suspected of using.
Starbucks reported sales growth that modestly exceeded Wall Street expectations, during a quarter that preceded the fallout over the arrest of two black men at one of its Philadelphia stores.
Amazon is raising the annual cost of its Prime subscription service for US customers to $119 per year, up from $99.
Streamed games will be available to the more than 100 million Amazon Prime members worldwide in over 200 countries and territories, according to the NFL.
Trump to visit Britain, hold talks with May on July 13
When May said he was wrong to have shared the videos, Trump responded by telling her to focus on terrorism in her country. The upcoming trip would be the U.S. president's first visit to the country since his election in 2016.
The last several months have been busy for Amazon. Prime provides a unique combination of benefits, and we continue to invest in making this Prime program even more valuable for our members. Amazon stock temporarily took a hit in the immediate wake of President Trump's unfavorable tweets but has since recovered.
As Amazon CFO Brian Olsavsky pointed out on the company's earnings call on Thursday afternoon, this is the second time Amazon has raised prices on Prime, with the first price hike occurring in March 2014. Regardless, Amazon's chances of scoring the government contract are pretty good, given the company already hosts classified systems with the Central Intelligence Agency, as well as other top defense contractors like Lockheed Martin. The executive order did not mention Amazon by name.
Wall Street Analyst's Guidance: Philip Morris International, Inc. (PM), 3M Company (MMM)
The Philip Morris International Inc . has shown a five days performance of -14.57% and thirty days performance stands at -14.59%. Philip Morris International ( NYSE :PM) last posted its earnings results on Thursday, February 8th. ( NYSE :PM) for 181,375 shs.