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

I am a web developer, and digital marketer I love programming, and technologies, always looking for new technologies and new challenges.

Latest Articls

Apple announces that iOS 15 will have new accessibility controls; know more

Apple is working to make its devices more inclusive by increasing the accessibility features, Apple announces that iOS 15 will have new accessibility controls

See how to get Rambo’s bow in Call of Duty Warzone

John Rambo arrived at Call of Duty Warzone, also bringing his famous Combat Bow. Check out how to get Rambo's bow in Call of Duty Warzone.

ASUS Zenbook 14 UX435 Notebook Review: Two screens, top battery, and very beautiful

ASUS Zenbook 14 UX435 Notebook Review, highlighting two screens and a long-lasting battery, is it worth paying more than $1100?

What changes in the new iMac 2021?

It's not just more colors and a slimmer design, there's been a huge leap in performance. Check out everything that has improved in the new iMac 2021 over the past generation.

How to recover deleted or corrupted files 2021 (Windows and Android)

How to recover deleted or corrupted files 2021 (Windows and Android)Accidentally deleting a file or having corrupted media is...

The best free antivirus for Windows in 2021

Having an antivirus on your computer is a way to keep yourself protected from the major viruses and malware on the Internet. Check out the best free antivirus for Windows!

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…

Tik Tok: This is how the “Freeze Frame” effect is done

During the quarantine many have seen how the videos with "Freeze Frame" effect have...

how to connect ps4 controller to pc: super easy ways

Table Of ContentsHow to use the PS4 DualShock controller in SteamHow to connect the...

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.

What is a USB Type-B cable and what is it for?

What is a USB Type-B cable and what is it for?If you are looking...

You might also likeRELATED
Recommended to you