Amazon also said its Prime subscription service has more than 150 million paying members — up from about 100 million in 2018.
Amazon.com Inc. dispelled concern about the cost of next-day delivery by reporting holiday-quarter revenue and profit that crushed Wall Street estimates. The stock surged 12% in after-hours trading Thursday on the news.
Amazon is spending to fend off rivals in several key parts of its business. In e-commerce, the company is rolling out one-day delivery, up from its previous two-day offering, to fight intensified competition from Walmart Inc. and other retailers. The Amazon Web Services cloud business is building new data centers and hiring engineers in response to steady gains by Microsoft Corp. and a renewed customer push from Alphabet Inc.’s Google.
Shares jumped to a high of $2,133.75 in extended trading, putting the company on course for a $1-trillion valuation Friday. The stock closed at $1,870.68 a share Thursday before the company posted its quarterly results. It had climbed about 12% in the past year, lagging behind tech industry peers.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Amazon Prime Surpasses 150 Million Members'More people joined Prime during the fourth quarter of 2019 'than ever before,' per CEO Jeff Bezos.
Weiterlesen »
Everything Coming to Amazon Prime in February 2020Jordan Peele’s upcoming show “Hunters” is among the slew of new movies and TV series that will be added to Amazon Prime Video next month. Peele executive produced “Hunters,&…
Weiterlesen »
Amazon Is Having a Prime Member-Only Sale on 3 of Its Most Popular HandbagsThese hidden deals aren’t featured on its popular deals page
Weiterlesen »
Nicki Minaj to guest-judge 'RuPaul's Drag Race' season 12 premiere🚨 Pound the alarm 🚨 Nicki Minaj will make her DragRace runway debut on the season 12 premiere of RuPaulsDragRace
Weiterlesen »
12 Pairs of Goth Shoes for Non-GothsI'm a poser but I desperately want to wear creepers.
Weiterlesen »