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Amazon Sees Surge in Sales Following Acquisition of Whole Foods
28 October 2017, 01:06 | Frank Carlson
What To Expect From Amazon.com, Inc. (AMZN) Earnings Today
Although AWS has continued to be a massive profit driver, accounting for almost 10% of total revenue in Q3, sales growth for the cloud service actually slowed down for the eighth straight quarter.
Profit for the quarter was $256 million, up slightly from $252 million a year ago while revenue jumped 34 percent to $43.7 billion for the company which has grown from its online retail roots to cloud computing, streaming video, artificial intelligence and more.
Outside of the actual profit and sales results, investors should focus on AWS growth, Prime growth, and a probably update on the contribution from this year's Whole Foods acquisition. Management had guided for third-quarter operating income to be between a loss of $400 million and a gain of $300 million. This quarter it had revenue $4.58 billion.
Amazon's adjusted net sales, therefore, handily exceeded management's forecast for third-quarter net sales between $39.25 billion and $41.75 billion.
Karen Short, an analyst who follows Amazon for Barclays, has been keeping close tabs on changes in Whole Foods stores since the merger, "given the widespread concern that food retail will be 'Amazon'ed, '" she writes in her most recent report. EBay comes in second at 6.8% market share, while Apple and Walmart are tied at 3.6%. Meanwhile, Amazon's worldwide e-commerce business fared even worse, losing $936 million during the quarter. Last quarter, AWS sales surged 42% to $4.1 billion, while operating income in that segment was up 28% $916 million.
Why Trump Just Accused a Grieving War Widow of Lying The president's tweet comes after Myeshia Johnson during an interview on ABC's " Good Morning America " confirmed Rep. She added, "I think that he has to admit what he did was incorrect in terms of the speech he mischaracterized ".
"Customers have purchased tens of millions of Alexa-enabled devices..."
"In the last month alone, we've launched five new Alexa-enabled devices, introduced Alexa in India, announced integration with BMW, surpassed 25,000 skills, integrated Alexa with Sonos speakers, taught Alexa to distinguish between two voices, and more", said Bezos.
The subscription option offers these new features and provides an illustration of how Alexa skill monetization can work for other developers as well. However, initial signs are encouraging, and our data show some very slight movements on price perception - these are not dramatic, but they are a step in the right direction and show that Amazon's approach is being noticed by consumers. The Motley Fool owns shares of and recommends Amazon.
Amazon's early Whole Foods initiatives included price reductions, selling whole Foods products on Amazon.com and installing Amazon Lockers at Whole Foods locations to drive foot traffic.
Amazon's $13.7 billion Whole Foods acquisition accounted for $1.3 billion of revenue with an operating income of $21 million.
House GOP Leadership To Save Tax Reform
As for the leadership's posture on the issue as these lawmakers demand changes, he said, "they are holding firm on not budging". Zeldin also supported the earlier version of the House budget resolution, which narrowly passed.
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Early reviews have made it clear that Thompson's Valkyrie stands out as a highlight in the film thanks to her strong character. "And improvisation has been a tool in every Marvel movie since Robert Downey Jr. riffed his way through Iron Man ".
Alphabet Rising: Q2 Beats Despite Expanding cost of 'TAC'
If you are accessing this story on another site, it was illegally copied and republished in violation of worldwide copyright law. That's compared to the $27.2 billion analysts expected Google to bring in before its report today, Business Insider reported .
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Don't worry, though - you probably won't have to wait too long until Amazon is delivering your packages by drone. And like Walmart, Amazon has also safeguarded a customer's delivery. "I think it's a good idea", she said.