NewsAmazon reports rising quarterly results, but...

Amazon reports rising quarterly results, but…

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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.

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