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Amazon Posts Strong Revenue, Profit on Web Sales, Cost Cuts

(Bloomberg) -- Amazon.com Inc. reported revenue and profit that topped analysts’ estimates, buoyed by rising sales in its retail unit and significant cost cutting.Most Read from BloombergTech Giants Signal Rebound as Amazon, Intel Rally: Markets WrapControversial Chip in Huawei Phone Produced on ASML MachineUS Economy Grew at a 4.9% Pace Last Quarter, Fastest Since 2021Israel Latest: Israel Says Key Planner of Oct. 7 Attacks KilledWhat Happened Inside Morgan Stanley After Ted Pick Was Nam...
New York United States Bloomberg Businessweek Andy Jassy Sales For Amazon Web Services Chief Executive Officer Andy Jassy
Source: yahoo.com

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Tech titan Amazon says profit surged to $9.9 bn as sales grew

Online retail colossus Amazon on Thursday reported profit of $9.9 billion in the recently ended quarter on growing sales and more efficient deliveries.Sales reached $143.1 billion in the recently ended quarter, up 13 percent from the same period last year, according to Amazon.
United States United Kingdom Andy Jassy Sheheryar Kaoosji Andrew Lipsman Warehouse Worker Resource Center
Source: yahoo.com

Alphabet Shares Fall After Cloud Unit Misses Estimates

(Bloomberg) -- Alphabet Inc.’s cloud computing unit reported a smaller than expected profit, raising concerns about the company’s position in a market that is critical to its future. Shares of Alphabet fell as much as 7.2% in late trading.Most Read from BloombergIsrael Latest: US Determines Israel Wasn’t Behind Hospital BlastBig Tech Earnings Whipsaw QQQ in Late Trading: Markets WrapNobody Wants Mutual Funds NowAn Oil Giant Quietly Ditched the World’s Biggest Carbon C...
Bloomberg Businessweek Max Willens Evelyn Mitchell Wolf Sundar Pichai Ruth Porat Microsoft Corp
Source: yahoo.com

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