By Kuldip K. Ambastha and Anil K. Ambastha
Amazon.com, Inc. (AMZN) caught our attention this week due to a massive reported profit figure. Its quarterly profit figure of $3.3 billion for the most recent quarter exceeded its $3.0 billion figure from one year ago. The $87.4 billion sales figure was also impressive and exceeded expectations. Furthermore, Amazon Web Services (AWS) had a revenue increase which was 34% higher than one year ago. Amazon.com briefly entered the elite $1 trillion-plus market capitalization club during the day due to its successes, specifically caused by its results exceeding expectations. A surge in Amazon Prime membership and investments in faster shipping (especially one-day delivery for Amazon Prime members) have been instrumental in recent successes, beyond what is noted above. Amazon ended the day of Friday, January 31, 2020 with a $996 billion market capitalization and a +7.4% daily return.
Keywords – Amazon.com, Inc., Amazon.com, Amazon, AMZN, profit, sales, revenue, Amazon Web Services, AWS, elite, trillion, Amazon Prime, shipping, technology, tech, Internet, Web, online, retail, delivery, Jeff Bezos.
Disclosure – The principals and clients of Ambastha Financial LLC do not have any positions in AMZN.
Disclaimer – No recommendations are being made via this post. Past performance is not an indicator of future performance. As an investor, you should do your own research and seek professional advice from a Registered Investment Adviser (RIA). You can lose money by investing in stocks and other instruments. Ambastha Financial LLC does not assume any responsibility (legal or otherwise) for any losses that may occur as a result of actions taken based on this post. All content copyrighted © 2020 – Ambastha Financial LLC.