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Baystreet.ca - Jeff Bezos Sells Nearly $2 Billion U.S. Of Amazon Stock


Jeff Bezos Sells Nearly $2 Billion U.S. Of Amazon Stock
Amazon (NASDAQ:AMZN) founder and Chief Executive Officer Jeff Bezos has sold nearly $2 billion U.S. worth of shares in the online retailer, according to filings with the Securities and Exchange Commission (SEC).
Bezos sold $684 million U.S. worth of Amazon shares on May 4 after selling $1.27 billion U.S. worth of stock on May 3. In total, he’s sold $1.95 billion U.S. worth of Amazon shares so far in the month of May.
The transactions were made as part of a prearranged 10b5-1 trading plan, according to the SEC. The stocks sales come one week after Amazon reported first-quarter earnings results, crushing Wall Street’s expectations as its business continues to benefit from a pandemic-fueled surge in e-commerce activity. ....

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Amazon's Profit Run Continues, Bolstered by Sustained Demand


Provided by
Dow Jones
By Sebastian Herrera
Amazon.com Inc. reported record results for the first quarter of the year, as demand remained robust for the company s e-commerce services and revenue continued to grow in its cloud-computing and advertising businesses.
Seattle-based Amazon said first-quarter sales hit $108 billion, a 44% increase from the same period a year earlier, and profits more than tripled to $8.1 billion. Revenue far exceeded the $105 billion predicted on average by analysts polled by FactSet.
Amazon said it expects sales from April to June to reach between $110 billion and $116 billion, which would mark three consecutive quarters with more than $100 billion in revenue. ....

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Amazon's Profit Run Continues, Bolstered by Sustained Demand — Update


Provided by
Dow Jones
By Sebastian Herrera
Amazon.com Inc. reported record quarterly profit as demand remained robust for its deliveries, cloud-computing and advertising businesses, capping a blockbuster earnings season for the world s largest technology companies.
Seattle-based Amazon said profits more than tripled to $8.1 billion, a quarterly record for the e-commerce company, and January-to-March sales were $108 billion, a 44% increase from the same period a year earlier. Revenue far exceeded the $105 billion predicted on average by analysts polled by FactSet.
Amazon, Apple Inc., Facebook Inc., Google and Microsoft Corp. all reported significant gains in profits and revenue, underscoring how the pandemic has helped strengthen technology companies and put them increasingly at the center of daily life around the world. ....

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Amazon's Profit Run Continues, Bolstered by Sustained Demand — 2nd Update


Provided by
Dow Jones
By Sebastian Herrera
Amazon.com Inc. reported record quarterly profit as demand remained robust for its deliveries, cloud-computing and advertising businesses, capping a blockbuster earnings season for the world s largest technology companies.
The Seattle company s profits in the year since the pandemic started exceeded $26 billion, more than the previous three years combined. Net income from January to March more than tripled to $8.1 billion, and revenue of $108 billion far exceeded the average of analyst predictions on FactSet.
Amazon, Apple Inc., Facebook Inc., Google and Microsoft Corp. all reported significant gains in profits and revenue, underscoring how the pandemic has helped strengthen technology companies and put them increasingly at the center of daily life around the world. ....

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