Regal Tribune

Saturday, March 6, 2021
Log in
  • National News
  • Business
  • Technology
  • Science
  • Health
  • About Regal Tribune

Pages

  • About Regal Tribune
  • Body of Woman Discovered in Gwinnett Place Mall Identified
  • Compulsory Vaccines for Children
  • Contact Us
  • High Tides Are the New Danger in U.S. States
  • Homepage
  • Our Team
  • Privacy Policy GDPR
  • Terms of Use

Recent Posts

  • Canadian Teen Dies on School Trip from Toxic Shock Syndrome Jun 29, 2018
  • Unesco Removes the Belize Coral Reef from Its List of Endangered Sites Jun 28, 2018
  • Tonight, the Blood Moon Coincides with the Longest Lunar Eclipse of the Century Jun 27, 2018
  • People Are Paying Hundreds of Dollars Just to Own Official Fortnite Disc Copies Jun 27, 2018
  • Researchers Reassess the Fermi Paradox, Showing We’re Probably Alone in the Universe (Study) Jun 26, 2018
  • The Latest Xbox Update Might Bring Keyboard and Mouse Support on the Console Jun 26, 2018
  • Researchers Invent Miraculous Plaster that Effectively Treats Oral Ulcers Jun 25, 2018

Amazon Shares Jump 9.8 per cent as Q2 Report Beats Expectations

Jul 25, 2015 By Jose Buttner Leave a Comment

Email, RSS Follow

Amazon Shares Jump as Q2 Report Beats ExpectationsA better than expected Q2 financial report has made Amazon shares bolster by 9.8 per cent on Friday, which in turn made the company overtake its main rival in retailing, Wal-Mart, in market value. The company ended Friday trading at $563.00 per share, which means its stocks are 85 per cent up for the year.

The Q2 report saw North American sales of the company rise by an astounding 25 per cent compared to the previous quarter, generating $13.8 billion in revenue during the analyzed period. This was driven mostly by strong sales in electronics and general merchandise. Amazon Web Services Division has seen a massive rise in popularity for its services and web-based applications, registering an 81 per cent in revenue since the last fiscal quarter, netting the company $1.8 billion.

Amazon also had a $0.19 earnings per share average during this fiscal quarter, amounting to a total of $23.18 billion worldwide revenue. This beat analyst estimates by a large margin, as the company was predicted to lose $0.15 per share during Q2. The company has now reached a market value of $259.1 billion, making it the most valuable retailer in the world. Previous holder of the title and main rival Wal-Mart, is worth $233.52 billion in market cap.

Amazon’s chief financial officer Brian Olsavsky has acknowledge the strong quarter during an investor meeting, while also pointing out several key moments which helped its cause: the launch of its Amazon Mexico platform, the inclusion of free same-day delivery for Amazon Prime subscribers and the launch of over 300 Amazon Web Services features which made online integration all around the world easier. Prime Day, a new Black Friday-like event directed towards its premium subscribers, also brought in record earnings.

This was a bright spot in an otherwise bleak week for U.S. stock trading, as the top three market averages all registered drops between 2 and 3 per cent. The drops are attributed to multiple factors, including a seven-year low in new home sales, lower than expected quarterly profits for some companies, and a decrease in Chinese manufacturing which raised investor skepticism in terms of global market. The most notorious example was Apple, whose 39 per cent increase in quarterly profits was below the expectation of many analysts, driving its shares down 4 per cent on Friday. Other companies who reached or beat profit predictions were reportedly lacking in strong revenue and growth indicators.

Image Source: Bloomberg

Email, RSS Follow

Filed Under: Business

Subscribe to Blog via Email

Enter your email address to subscribe to this blog and receive notifications of new posts by email.

Join 11 other subscribers

Recent Articles

Starbucks coffee.

California Family to Sue Starbucks over Drinking Coffee with Blood

Feb 11, 2018 By Benjamin Teh Leave a Comment

uber app

Portland Officials Learned Uber Activated Software to Deceive Ride Service Regulators

Sep 16, 2017 By Jose Buttner Leave a Comment

tesla model s

Tesla’s Free Software Upgrade for Drivers Affected by Irma to Expire on Saturday

Sep 12, 2017 By Jose Buttner Leave a Comment

hurricane aftermath

Companies Assess the Economic Toll of Two Hurricanes Hitting the U.S.

Sep 11, 2017 By Lori Martinez Leave a Comment

chipotle restaurant

Chipotle Announced Nationwide Launch for Famous Cheese Sauce, Queso

Sep 6, 2017 By Lori Martinez Leave a Comment

bitcoin coins

China Is the First Nation to React to Initial Coin Offerings

Sep 4, 2017 By Benjamin Teh Leave a Comment

people sheltering from flood

Best Buy Gives Its Apologies for Water Price Gouging after Hurricane Harvey

Sep 2, 2017 By Graziella Paone Leave a Comment

uber driver

Uber Will Quit Surveillance Feature after Riders End Their Trips

Aug 31, 2017 By Benjamin Teh Leave a Comment

uber car

Uber Introduces New Flexible Driver Benefits

Aug 24, 2017 By Graziella Paone Leave a Comment

mountain view

Interior Department Kills Study on Health Hazards of Appalachian Mountaintop Removal Coal Mine

Aug 23, 2017 By Jose Buttner Leave a Comment

volkswagen minibus

Volkswagen Is Bringing Back the Sassy ID Buzz Minibus in Electric Version

Aug 21, 2017 By Benjamin Teh Leave a Comment

howard schultz interview

Starbucks CEO Speaks out about Charlottesville Violence

Aug 19, 2017 By Jose Buttner Leave a Comment

michael o'leary

Ryanair CEO Opposes Collaboration between Lufthansa and Insolvent Rival Air Berlin

Aug 18, 2017 By Lori Martinez Leave a Comment

aldi logo

Aldi Distances Itself from Competitors with New Grocery Delivery System

Aug 14, 2017 By Jose Buttner Leave a Comment

Related Articles

  • Starbucks coffee.

    California Family to Sue Starbucks over Drinking Coffee with Blood

    Feb 11, 2018
  • uber app

    Portland Officials Learned Uber Activated Software to Deceive Ride Service Regulators

    Sep 16, 2017
  • tesla model s

    Tesla’s Free Software Upgrade for Drivers Affected by Irma to Expire on Saturday

    Sep 12, 2017
  • hurricane aftermath

    Companies Assess the Economic Toll of Two Hurricanes Hitting the U.S.

    Sep 11, 2017
  • chipotle restaurant

    Chipotle Announced Nationwide Launch for Famous Cheese Sauce, Queso

    Sep 6, 2017
  • bitcoin coins

    China Is the First Nation to React to Initial Coin Offerings

    Sep 4, 2017
  • people sheltering from flood

    Best Buy Gives Its Apologies for Water Price Gouging after Hurricane Harvey

    Sep 2, 2017
  • uber driver

    Uber Will Quit Surveillance Feature after Riders End Their Trips

    Aug 31, 2017
  • uber car

    Uber Introduces New Flexible Driver Benefits

    Aug 24, 2017
  • mountain view

    Interior Department Kills Study on Health Hazards of Appalachian Mountaintop Removal Coal Mine

    Aug 23, 2017

Categories

  • Business
  • Entertainment
  • Health
  • National News
  • Nature
  • Science
  • Technology
  • U.S.

Copyright © 2021RegalTribune.com

About · Privacy Policy · Terms of Use · Contact

This website uses cookies to ensure you get the best experience on our website. Learn more.