The market is not satisfied with Amazon’s latest quarterly results: revenue, net profit, cloud business sales, next quarter revenue guidance, these four key indicators, in addition to revenue exceeded analyst expectations, the other three are not performing well.
Text|Daily Business Highlights
Amazon’s quarterly profit fell for the first time in two years, but it’s not dangerous
The market is not satisfied with Amazon’s latest quarter results: revenue, net profit, cloud business sales, next quarter revenue guidance, these four key indicators, in addition to revenue exceeds analyst expectations, the other three are not performing good. In particular, net profit fell sharply by 26% year-on-year to US$2.1 billion and was the first decline since the third quarter of 2017. After the earnings report, Amazon’s share price fell nearly 7%.
The decline in Amazon Q3’s profits is mainly related to the launch of the “One-day Free Shipping” service in the US e-commerce market in April this year. Prime members changed from “two-day” to “one-day”, although it brought more orders and revenues to the platform (revenue increased 24% to 70 billion US dollars), but also increased Amazon’s cost: In the past two quarters, Amazon has invested more than $800 million in quarterly construction of distribution centers and related infrastructure.
Amazon said in the earnings report…
Editor’s comment: Don’t be surprised by the decline in Amazon’s profits, this home appliance giant has come to a growth node. In the long run…
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