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Amazon Maintains Profit Run, but Sales Miss Expectations in Pandemic First
Tech giant has grown in strength and size as pandemic pushed more consumers online
Amazon founder and former CEO Jeff Bezos successfully completed the first manned mission of Blue Origin’s New Shepard spacecraft. In this video, WSJ looks back at the remarkable career of the world’s richest man. Photo: Joe Raedle/Getty Images
Amazon . com Inc. reported strong financial results that showcased its dominance even as a slight slowdown in e-commerce sales highlighted the challenge of sustaining the unfettered growth it has logged during the pandemic.
The Seattle-based tech giant took home almost $30 billion in profit in the past year as millions of consumers moved online to meet their shopping, entertainment and work needs, adding to its power. Amazon’s cloud-computing business picked up speed after a period of slower expansion, and its advertising business continued to grow rapidly.
But as with other large technology companies, investors have begun to question whether such momentum can be maintained. Amazon posted second-quarter sales of $113.1 billion, slightly less than the $115.4 billion predicted by analysts polled by FactSet. Profit was $7.8 billion, or $15.12 a share, exceeding analysts expectations of $12.28 a share.
자세한 내용은
https://www.wsj.com/articles/amazon-amzn-2q-earnings-report-2021-11627520380?mod=hp_lead_pos4
Amazon Maintains Profit Run, but Sales Miss Expectations in Pandemic First
The e-commerce giant reported strong results that showcased its dominance even as a slight slowdown in e-commerce sales highlighted the challenge of sustaining the growth it has logged during the pandemic.
www.wsj.com
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