Amazon saw a huge EPS beat in its Q1 earnings, reporting $7.09 compared to the estimated $4.72.
Amazon reported first-quarter earnings on Thursday that reflected an on-going change at the company: less growth but fatter profit margins.
Amazon's advertising business, which is looped under the"other" category, significantly slowed down, seeing only 34% revenue growth to $2.7 billion, after growing at least 60% in the past five quarters. Investors, however, are seeing more profitability from Amazon in exchange. Net income hit a record $3.6 billion, and its operating profit of $4.4 billion represented a record 7.4% margin.
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Amazon Key for Garage now availablePrime customers who want to get deliveries to their garage can now use Amazon.com Inc.'s Key for Garage, available today. Customers with myQ-connected technology can link their account with Amazon, or customers can purchase a Key Smart Garage Kit. With the addition of the Amazon Cloud Cam, users can see into their garage remotely. Key by Amazon delivery service is available in 50 U.S. cities. Amazon, which will announce earnings on Thursday, has seen its shares rally 25.7% for the year to date while the S&P 500 index is up 16% for the period.
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There are 6,000 dogs 'working' at Amazon and they get access to these cool perksThere are 6,000 dogs 'working' at Amazon and they get access to these cool perks. via CNBCMakeIt
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French supermarket retailer Casino expands partnership with AmazonFrench supermarket retailer Casino said it was beefing up its partnership with tech giant Amazon following the success of an earlier deal between its Monoprix supermarket chain and Amazon in Paris.
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Amazon, Walmart in online grocery pilot in NY involving food stampsFood stamp recipients will be able to use online delivery services to buy groceries under a two-year pilot program that just launched in New York.
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Seahawks quarterback Russell Wilson gives linemen Amazon stock that could be worth a bundleTMZ Sports reports Seattle Seahawks quarterback Russell Wilson gifted $156,000 worth of Amazon stock to the 13 offensive linemen, or $12,000 each.
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Amazon's warehouse worker tracking system can automatically fire people without a human supervisor's involvementHundreds of Amazon workers have been fired over productivity at just one warehouse in one year.
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Amazon.com: Watch Teach Dave to Cook | Prime VideoThe Post’s new series “Teach Dave to Cook” is now streaming on Amazon Video: Follow along with beginner Dave and food expert Mary Beth and learn how to make steak, croutons, chocolate mousse and more.
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SpaceX-Amazon satellite race pits speed vs. cashElon Musk’s firm hopes to soon start launching thousands of satellites for a global broadband network. Jeff Bezos also eyes the prize, and his outfit has deeper pockets. Yet regulatory and technological glitches are likely, and demand uncertain. Losses could be out of this world.
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Like Amazon, these stocks have 100% buy ratings from analystsOnly one other S&P 500 stock has all ‘buy’ ratings from analysts, but a further search identifies dozens more.
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Kohl's expands Amazon returns program to all stores, shares jumpKohl's Corp said on Tuesday items bought on Amazon.com Inc can now be retur...
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You can now return Amazon orders for free at all Kohl's stores — here's how it worksAnyone can now return eligible Amazon orders at all Kohl's stores. We tested it to see how the service works.
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