Amazon sales outlook falls short after record holiday quarter

Amazon sales outlook falls short after record holiday quarter

Amazon reported strong Q4 2018 revenues in all parts of its business on Thursday afternoon.

Overall, net sales for the fourth quarter rose 19.7 per cent to US$72.38-billion and beat the analyst average estimate of US$71.87-billion on the back of a strong holiday season, which includes the major USA shopping event Black Friday.

Market capitalization. Grew to $840 billion Thursday afternoon, more than Microsoft, Apple, or any other publicly traded company.

Sales are up from $5.11 billion a year ago, to $7.43 billion today, even beating analysts estimates which expected $7.29.

At the beginning of previous year, eMarketer predicted Amazon would only do $2.8 billion in ad sales.

In the fourth quarter, Amazon's biggest of the year, revenue rose 20 percent to $72.4 billion.

The advertising business posted $3.4 billion in revenue, almost double from a year earlier. The machine learning platform service Amazon SageMaker also had additional machine learning model development capabilities launched, namely, the AWS DeepRacer, which is a 1/18th scale fully autonomous race auto and can be supplied with codes that make it fully autonomous and the AWS Marketplace for Machine Learning, where developers can sell their work and use over 150 algorithms and models deployed directly to the Amazon SageMaker. Its reach extends all across the web, with its own e-commerce site, IMDb, Twitch and a network of outside publishers that run its ads. The online retailer's brick-and-mortar strategy also includes bookstores and a cashierless convenience store called AmazonGo, which lets customers check in with a smartphone app and be charged automatically based on what they remove from the store. Brands are finding ways to play across all these properties.

"Amazon will now need to work doubly hard to achieve any future sales gains".

"In our view, the gap between Amazon and the rest is now narrowing", he said.

The results reflected growth in Amazon's ever-expanding online retail operations as well as its large cloud computing division, known as Amazon Web Services.

In the third quarter, Amazon pulled in US$2.9 billion in quarterly profit, with sales that climbed almost 30 per cent to US$56.6 billion.

The company reported its third record profit in a row, capitalizing on a strong holiday retail season and its growing, high-margin businesses such as cloud computing and advertising.

One of the main gripes of Amazon's ad business is that the products are still less sophisticated than rivals' technology. Amazon has not fully rolled out an attribution program it tested a year ago, which let advertisers detect when their digital ads led to sales on its site.

On a 30-minute earnings call with analysts, Bezos' planned split from wife MacKenzie never came up - despite brewing concerns over how the couple of 25 years might divide up their 16 percent stake in Amazon and whether Bezos' role in the company could change as a result.

Amazon has become so important to the advertising industry because of its dominance in e-commerce.



Related Posts

Lionel Messi injured in draw with Valencia and could miss Clasico
Barcelona owns a six-point edge on Atleti, which will travel to play mid-table Real Betis on Sunday. Lionel Messi duly slotted away the spot-kick for his 20th league goal of the season.

MIT Teaches a Robot to Play Jenga
The robot grouped the outcomes of approximately 300 attempts as it discovered that some blocks were harder to budge than others. It also demands mastery of other skills, such as pushing, pulling, probing, placing, and aligning the blocks in the tower.

United States places non-immigrant visa restrictions on Ghana
Removals include people ordered to be deported after entering the United States and those denied entry at the border. Government has engaged with the Government of Ghana in both Washington, DC and Accra on this matter.

Dance on a sundial, cup of coffee, and dog head in Fortnite
There you'll find a sign in the shape of an oversized cup of coffee accompanied by a flashing neon guitar that's hard to miss. Head to the Dusty Divot diner, specifically the parking lot, and you'll see the caffeinated beast there.

Kyrie Irving Doesn’t ‘Owe Anybody Sh*t’ As He Approaches Free Agency
In October, he cheered Celtics fans by proclaiming at a team event that if Boston wanted him to stay that's what he planned to do. After dealing Porzingis, the Knicks have the available cap space to sign two of the top impending free agents.

TSA officer jumps to his death at Orlando airport
Emergency workers treat the man in the middle of the airport after he jumped from the Hyatt Regency Hotel into the atrium area. According to the Orlando Police Department, the person involved in the incident was an agent for TSA .

Barcelona to meet Real Madrid in Copa del Rey semi-finals
The Copa del Rey final will take place on 25 May at the Benito Villamarin stadium for the first time in the tournament's history. As Barca's cup goalkeeper, he was set to start the first leg of the Clasico tie against Madrid at Camp Nou on Wednesday.

Eagles plan to tag, trade Foles
The backup QB has starred in Wentz's absence the past two seasons, including their Super Bowl championship run a year ago . Over the past two seasons, Foles has appeared in 12 games for the Eagles, starting eight, and has a 6-2 record.

Iran announces successful test of long-range cruise missile
Iran said in January its bid to launch a satellite failed after Tehran ignored United States warnings to avoid such activity. It says its missiles are defensive and used for deterrence and rejected talks over its missile programme.

U.S. fake university: India protests after students arrested
The university was part of a federal law enforcement undercover operation created to identify recruiters and entities engaged in immigration.

© 2015 . All Rights reserved.