17 de febrero de 2020
Hispanic World

Amazon shares skyrocket after earnings beat

By Marc Arcas

By Marc Arcas


San Francisco, Jan 30. (efe-epa).- Shares of Amazon skyrocketed on the New York Stock Exchange on Thursday, rising some 10 percent to more than $2,050 per share in after-hours trading, after the firm released better than expected earnings for 2019.

The company headed by Jeff Bezos between January and December 2019 made profits of $11.588 billion, some 15 percent more than during the previous year, bringing in a total of $280.522 billion, 20.45 percent more than the $232.887 billion it earned in 2018.

Meanwhile, the Seattle-based multinational earned $23.46 per share for the year, compared to the $20.68 per share it earned the year before.

A large part of the enthusiasm in after-market trading on Wall Street on Thursday was due to Amazon's earnings in the fourth quarter of 2019, including the Christmas season, which is typically the big earnings period for the tech giant.

During 4Q, amid frenetic consumer demand, Amazon exceeded analysts' predictions in almost all areas, with net sales coming in at $87.440 billion (compared to the consensus forecast of $86.020 billion) and earnings of $6.47 per share, far and away greater than the $4.03 in expected earnings per share.

The company said that this past Christmas season was the best in its history, despite the dispute it is having with one of the biggest US shipping companies, FedEx, whose shipping services it refused to offer as a delivery option to those selling products on its online platform.

Third parties who sell their merchandise online via Amazon can select what shipping company they want to use to deliver their products to buyers, including FedEx, UPS, the US Postal Service and Amazon's own delivery services.

That puts part of Amazon's business in direct competition with FedEx and the tech firm feels that the shipping company is "taking advantage" of the Amazon platform to increase its business volume at the expense of the Seattle-based company's services.

Although online sales continue to be Amazon's main business, its Cloud data center service, Amazon Web Services, considered to be a strategic asset for the company's future, experienced the most growth of all its elements, with an increase in billing of 37 percent.

The firm's operating income, before interest and taxes, totaled $14.451 billion, above the figure of $12.421 billion for 2018.

By markets, North America sales grew over the past 12 months by 20.8 percent, while sales in the rest of the world grew by 13.45 percent.

"Prime membership continues to get better for customers year after year. And customers are responding - more people joined Prime this quarter than ever before, and we now have over 150 million paid Prime members around the world," said Jeff Bezos, Amazon founder and CEO.

The superb earnings results achieved by the company contrasted with the controversy that has arisen within the firm, which came clearly to the fore last Monday.

A total of 357 Amazon workers at that time publicly challenged the company and criticized its climate change policy, despite the fact - they said - that the company had threatened to fire anyone who went outside the firm's normal communication protocols.

Histórico de noticias
Brazil's Carnival continues with marked feminist accent

Rio de Janeiro, Feb 16 (efe-epa).- Brazil's nationwide Carnival celebration continued on Sunday with a marked feminist accent emphasized by a band that drew...

Dominican municipal elections suspended due to technical problems

Santo Domingo, Feb 16 (EFE).- The Dominican Republic's Central Election Board (JCE) on Sunday suspended the nationwide municipal elections after multiple...

Trump kicks off Daytona 500 in Florida, but rain delays the race

Miami, Feb 16 (efe-epa)- President Donald Trump kicked off the Daytona 500 under initially sunny skies at the Daytona International Speedway in Florida on...

Samsung presents Galaxy Z Flip, first foldable smartphone

San Francisco, Feb 11 (efe-epa).- South Korean multinational Samsung on Tuesday presented its new foldable smartphone, the Galaxy Z Flip, this model with a...

U2's Bono, UN denounce educational disadvantage for girls around world

United Nations, Feb 11 (efe-epa).- Singer Bono and the United Nations on Tuesday denounced the "dramatic disadvantage" in education being suffered by female...

Guaido beaten by mob upon landing in Caracas

Caracas, Feb 11 (efe-epa).- Opposition leader Juan Guaido, recognized as Venezuela's legitimate interim president by more than 50 nations, on Tuesday was...

Fed's Powell warns of economic risks of coronavirus amid Trump's attacks

By Alfonso Fernandez

Final Iowa caucus recount gives Buttigieg delegate win

Washington, Feb 9 (efe-epa).- Almost a week after the Iowa caucuses, the Democratic Party announced Sunday that former South Bend, Indiana, Mayor Pete...

Hundreds of wizards-for-a-day celebrate "Harry Potter" saga in Argentina

Buenos Aires, Feb 6 (efe-epa).- Hundreds of fans left their "muggle" (non-magical) life to one side on Thursday to attend "Harry Potter Book Night" in...

Weinstein defense calls its first witnesses

New York, Feb 6 (efe-epa).- The defense team of former Hollywood producer Harvey Weinstein, who is on trial in New York for rape, on Thursday called its...

Trump holds White House celebration to revel in Senate acquittal

Washington, Feb 6 (efe-epa).- President Donald Trump on Thursday organized a "celebration" at the White House to hail his acquittal in his impeachment trial...

Zona MACO art fair starts in Mexico with new plan to hike attendance

By Ines Amarelo

Trump acquitted in near party line Senate vote on impeachment charges

Washington, Feb 5 (efe-epa).- President Donald Trump was acquitted on Wednesday in a vote by the Republican-controlled Senate on the two impeachment charges...

US threatens Reliance, Repsol, Chevron, Rosneft with sanctions over Venezuela

Washington, Feb 5 (efe-epa).- The United States on Wednesday threatened to impose sanctions on US petroleum firm Chevron, Spain's Repsol and India's...

US trade deficit declines for 1st time in 6 years amid trade tensions

By Alfonso Fernandez

Almost 1,000 police murdered in Mexico in the past 2 years

Mexico City, Feb 4 (efe-epa).- From 2018 up through January 2020, at least 953 police officers were murdered in Mexico, a reflection of the wave of violence...

Puerto Rico's Adriana Diaz among world's top 20 in ping pong

San Juan, Feb 4 (efe-epa).- In a sport where Asians reign supreme, for the first time in her short yet successful table tennis career Puerto Rico's Adriana...

Trump to address split Congress, Senate on verge of acquitting him at trial

By Lucia Leal

Iowa, between Biden's moderation and Bernie's revolution

By Beatriz Pascual Macias

Alphabet beats on earnings per share, misses on revenue

San Francisco, Feb 3 (efe-epa).- Internet giant Alphabet, the parent company of Google, released yearly and quarterly results on Monday, showing net profits...

Newton, Iowa: Between the pain of de-industrialization and the elections

By Beatriz Pascual Macias

Groundhog Day celebrations take place in US

Washington, Feb 2 (efe-epa).- Punxsutawney Phil, the most famous weather-predicting animal in the world, emerged from his burrow in the same-named town in...

Amazon shares skyrocket after earnings beat

By Marc Arcas

Innovative pay methods to be showcased at Super Bowl

Miami, Jan 30 (efe-epa).- Multinational technology giant Visa will have more than 800 contactless payment points in the stadium in Miami Gardens, Florida,...