Saturday, April 29, 2017

Amazon Posts Bigger-Than-Expected Increase in Profit: Shares surge after hours as the online retailer’s results top consensus forecasts

Amazon has long plowed most of its profits back into product development, warehouse expansion and delivery infrastructure, though in recent periods it has shown some spending discipline.

Amazon.com Inc. has been putting major spending for international expansion and video contents. However, their shares continue to rise tremendously: from $513 million to $724 million within the past year.
Now that Amazon has expanded overseas, they are expected to hire a lot more workers by 2018 to accommodate for more needed labor. In addition to using postal services, Amazon has also started to ship with their own delivery service due to rising shipping costs, even leasing their own planes for delivery.

These rapid growths and expansions result in Amazon.com Inc.’s major boost in profits, higher than what was expected.

WST Article


Linh Tran
MKTG 3343
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1 comment:

  1. Sheridan HopkinsMay 5, 2017 at 4:07 PM

    I definitely noticed how Amazon has truly expanded over the past years and there is no doubt in my mind that they will need more workers. I find it very interesting that they are leasing their own planes for delivery.

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