Friday, October 28, 2016

Quarterly figures: Amazon makes a profit disappointed investors – Handelsblatt


Amazon CEO Jeff Bezos made with his company again profits.

(photo: AFP)

SeattleAmazon has .Amazon has disappointed with earnings below expectations and its Outlook for the important holiday quarter the experts. In addition, the US-based group announced by almost a third on higher costs, driven by investments in Internet-related services, its subscription program Prime, as well as in the infrastructure for warehouse and deliveries. However, the success story of the Cloud service continued in the third quarter, more than twice as high in sales as in the prior-year period. The operating profit from the data cloud is now three Times as high as that of all other activities in North America taken together.

analysts were, after the presentation of the business figures on Thursday are particularly dissatisfied with the Outlook for the current quarter, because of Christmas and the festival of lights for Online retailers is particularly important. Here, Amazon expects a profit of between zero and 1.25 billion dollars. “Amazon actually has no idea what is going to happen in this quarter,” said Jan Dawson of Jackdaw Research. This uncertainty is not pleasant to investors.

On the stock exchanges, the shares slid

His colleague Michael Pachter of Wedbusch Securties pointed out that even at the upper end of the range, the number is 250 million dollars under forecasts of the experts. Amazon shares fell after hours by six percent.

revenue for the current quarter, Amazon sees a margin of between 42 billion and 45.5 billion dollars. The center is located below the expectations of Reuters interviewed experts. Amazon had already announced before, for the holidays would alone set in the US and 120,000 part-time workers. The number corresponds to the population of Wolfsburg, and a fifth higher than in the previous year.

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sales in the past quarter, climbed in the framework of market expectations by almost a third to 32.7 billion dollars. Net profit rose to $ 252 million, to 79 million in the prior-year period. So Amazon wrote the sixth consecutive quarter in the black. However, the earnings per share of 52 cents was below analysts ‘ expectations of 78 cents.

The Cloud Segment contributed significantly to earnings. The operating profit of Amazon Web Services (AWS) was 861 million dollars, twice as high as in the previous year, sales increased 55 percent to $ 3.2 billion. Amazon is the market leader in computer services in the Internet and competes with Microsoft, IBM and Google. Its parent company, Alphabet, has announced on Thursday a rise in revenues in this Segment. .


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