Alexa credited for strong sales performance by Amazon
28 October, 2017, 01:07 | Author: Lester Mason
Shares at the e-commerce giant were up over 7% in trading afterhours.
Amazon also reported net income of 52 cents per share, even with the same period in 2016. That includes $1.3 billion from Whole Foods.
O'Shea also noted revenue growth and operating income at AWS "more than offset" the loss Amazon took on through investments in its global business. That easily beat the 2 cents per share analysts had expected, according to FactSet.
Impressively, Amazon has managed to increase the pace of growth from its online stores, where sales increased by 22% over the prior year.
Amazon's adjusted net sales, therefore, handily exceeded management's forecast for third-quarter net sales between $39.25 billion and $41.75 billion.
"I think over time, you'll see more cooperation and working together between AmazonFresh, Prime Now, and Whole Foods as we can explore different ways to serve the customer", Olsavsky said during an earnings call. Here's what to expect from the king of e-commerce. "Of those services, Subscriptions (which includes Prime) and Other (which includes advertising) are its fastest-growing businesses". Even so, Amazon collected $3.5 billion of free cash in the third quarter, roughly 10 times the operating income metric.
China is churning out a new billionaire every 5 days Still, billionaire wealth in Asia, Matthews noted, is very volatile because it is so closely linked to the public markets. China added a net new 67 billionaires past year compared with 25 net new billionaires in the U.S.
Amazon has begun charging for Alexa skills, as the online retailer looks to monetize the apps used by its Echo smart speakers.
As is typical for the retailing giant, it took the earnings report as an opportunity to spotlight achievements, including three new Echo devices, five new Alexa-enabled devices, teaching Alexa to distinguish between two voices, and improvements in its AWS division.
"And it's working - customers have purchased tens of millions of Alexa-enabled devices, given Echo devices over 100,000 5-star reviews, and active customers are up more than five times since the same time past year".
Amazon now pays developers out of its own pocket to create the skills, which Echo users are then able to download and install onto their Alexa at no charge.
Operating income sank 40% to $347 million, and net income rose to $256 million, far above analysts' expectations. The announcement solicited 238 bids from cities across the continent, but HQ2's potential employment represents less than 10 percent of today's total workforce, and who knows how many people Amazon will employ when it starts building HQ2 in 2019 or when it finishes up eight to 10 years later. The midpoint of Amazon's guidance for that period now sits at $68 billion, including a $4.4 billion Whole Foods contribution.
Microsoft's stock price climbed 2.8 percent to $80.97 in early after-hours trading Thursday after the results were released . As in previous quarters, the numbers most of us pundits are going to focus on revolve around Microsoft's cloud efforts.
However, NFL Commissioner Roger Goodell said that he hopes the number of players who decide to protest would drop to "zero". Kaepernick has been a free agent since March. "I'm hoping he has an opportunity to play", Bennett said .
Mr Odinga has tried and failed three times to be president, including in 2007 and 2013 when he said victory was stolen from him. Violence has broken out between police and protesters as authorities banned demonstrations in Kenya's largest cities last week.
Relative volume is the comparison of current volume to average volume for the same time of day, and it's displayed as a ratio. On average, equities analysts predict that Walgreens Boots Alliance will post $5.00 EPS for the current fiscal year.
She has reportedly been seeking an abortion ever since she was apprehended by authorities and learned she was pregnant. The government performs background checks on potential sponsors, a process that could take weeks or months.
SAP received revenue of about 660 million rand ($47 million) and paid commissions to Gupta-related entities, SAP said. As promised in July, SAP said it would publish findings of the Baker McKenzie investigation once completed.
But the bigger concern is in the depth behind Clark and Michael Bennett, who is also dealing with a plantar fascia injury. The Seattle Seahawks are going up against the Houston Texans and rookie quarterback Deshaun Watson on Sunday (Oct. 29).
The brother of Las Vegas shooter Stephen Paddock was arrested Wednesday on suspicion of child pornography , according to reports. Los Angeles police said the investigation began after authorities discovered evidence inside a business in Sun Valley.
The delivery person never actually touches the door or lock, but instead communicates with the Cloud via the Amazon Key app. They are further described as "thoroughly vetted, with comprehensive background checks and motor vehicle records reviews".
She wants to see his body to confirm it's him, but the military has not allowed that, she said. "I don't know what's in that box". White House Chief of Staff John Kelly defended Trump, indicating that making such a phone call was hard under any circumstances.
Joe Girardi will not return as Yankees manager in 2018
Rudy was so surprised by Girardi getting the boot, he even speculated that it might've been Joe's call to take some time off. In the end, such a decision to part ways with the club's skipper came from Cashman with Hal Steinbrenner signing off on it.
Einstein's theory of happiness sells for $1.3M at auction
The news of Einstein's arrival spread quickly through Japan with thousands flocking to catch a glimpse of the Nobel laureate. Einstein's note about his theory of happiness exceeded the pre-auction estimate of between $5,000 and $8,000.
Roseville Gas Prices 10 Percent Higher than Year Ago
That's 12 cents more than the national average- $2.46 -and 34 cents higher that the average state price a year ago at this time. In Georgia, the average price per gallon is $2.36, down 4.2 cents from last week.