NewsAmazon reports rising quarterly results, but...

Amazon reports rising quarterly results, but…

-

Amazon reports: Amazon announced revenue of $ 75.5 billion in the first quarter of 2020.

Like many other companies this week, Amazon has lifted the veil on its quarterly results. The American company announces a turnover of 75.5 billion dollars for a net profit of 2.5 billion dollars and a profit per share of 5.01 dollars. The turnover announced for this first quarter represents an increase of 26% compared to the same period last year. However, net profit fell 29% compared to 2019.

In North America, Amazon sales increased 29% to $ 46.1 billion, where the same increase reached $ 19.1 billion, an additional 18% for international sales.

Amazon thus announces results higher than the expectations of analysts who expected turnover of 73.61 billion dollars and a profit per share of 6.25 dollars.

No profit this quarter for Amazon

During its announcement, Amazon also spoke about the current health situation, a statement that follows several critics – including in France. In France, the government demanded that the online merchant close all of its warehouses and reduce its deliveries to basic necessities. As a result, the firm has indeed closed its premises, but they continue to deliver all or almost all of the items through its other European subsidiaries despite the coronavirus pandemic and requests from the authorities.

In an attempt to reassure its detractors, Amazon has declared that it has ordered 100 million masks intended for its staff, drivers and associates. The firm also allegedly purchased more than 1,000 thermal cameras and 31,000 thermometers to perform ” mandatory daily temperature checks for employees and support staff at all of our operating sites and Whole Foods stores Market ”.

But that’s not all, Amazon has said it will spend $ 4 billion in operating profit on employee protection and the purchase of coronavirus tests. Between April and June, the company therefore plans to post no profit. The group’s decision had the effect of dropping the stock market share from 4.5 to 5% during trade after the close of Wall Street.

Read Also: Twitter the number of users increases sharply during containment

Hamzahttps://nupgrade.com/
I am a web developer, and digital marketer I love programming, and technologies, always looking for new technologies and new challenges.

Latest Articls

Instagram: How to View Stories Anonymously

Instagram: How to View Stories AnonymouslyWatching Stories on Instagram is a way to get to know a little more...

How to Schedule Messages in WhatsApp Web to Send Later

How to Schedule Messages in WhatsApp Web to Send LaterSchedule Messages in WhatsApp Web is not available natively in...

What is and how does 5G DSS work?

What is and how does 5G DSS work?5G DSS smartphones may or may not support standalone 5G; see if your...

Free Fire Max: check the list of smartphones compatible with the new game

Free Fire Max: check the list of smartphones compatible with the new gameWill your cell phone run the new...

What are the differences between a headphone gamer and a normal one?

What are the differences between a headphone gamer and a normal one?Understand the main differences, pros, and cons, when...

Multi-channel surround sound on headphones [headphone basics]

Multi-channel surround sound on headphonesIn this article, we'll talk about a topic that generates a lot of controversy...

Must Popular

Best off-road GPS apps for android and ios IOS in 2021

Best off-road GPS apps for android and ios iPhone in 2021, best off tail map apps for all platforms and devices phone, iPad, Tablets, laptops…

How To Use “Freeze Frame” effect on TikTok

Step by step to make the "freeze frame" effect on Tik Tok

before you buy a USB Type-B cable here is what y should know!

If you are looking for, need to buy or even have the curiosity to know what is the USB Type-B cable and what is it for, here you can check these answers.

Minimum requirements to run Minecraft on PC in 2021

See the minimum and recommended requirements to run Minecraft in 2021 Minecraft on your computer; The most successful game among the new galley.

how to connect ps4 controller to pc: super easy ways

If you love playing games on your PS4 and want the same DualShock controller...

SCAM: Cicret Bracelet projects 2021 Update

Cicret Bracelet is a wearable bracelet that has a pico projector that projects your smartphone on your skin..., at least that was in the advertising video but is that true or just a scam

ASUS ZenWiFi AX XT8 Review: The Real Power of Wi-Fi 6

ASUS ZenWiFi AX XT8 Review: The Real Power of Wi-Fi 6ASUS ZenWiFi AX XT8...

Galaxy Z flip no ordinary smartphone with free access to Youtube premium

“Galaxy Z flip,” Samsung says “this is no ordinary smartphone, It changes everything...

18 TB Capacity HDD from Western Digital

18 TB Capacity HDD from Western DigitalWestern Digital is preparing to add 16 and...

Best wireless headphones under 50$ [2019 black Friday deals]

top picks for the best wireless headphones under 50$ to get the most of the black Friday 2019

Nvidia Creates Low-cost Open Source Ventilator to Help COVID-19 Patients

Bill Dally, the chief scientist at Nvidia developed a low-cost open-source ventilator, which can...

What is Spatial Audio and how does it work?

What is Spatial Audio and how does it work?Spatial Audio is an audio technology...

Acer KG241Q 144Hz Monitor Review

One of the most requested reviews here at NUpgrade is finally coming out of...

Lenovo ThinkVision P44w-10 review: a giant monitor for professionals… almost flawless?

The ultra-wide monitor for PC is no longer a technological rarity appreciated only by a...

Sony lets out that next Fortnite season (3) will have flooded map

For those who are regular Fortnite players, it is always common to see some tips...

You might also likeRELATED
Recommended to you