Wednesday, 22 November, 2017

Amazon Q3 earnings top expectations

Use Amazon Alexa to control your Dish Network box.                  Dish Network Use Amazon Alexa to control your Dish Network box. Dish Network
Kelvin Reese | 28 October, 2017, 01:09

The surge comes as the Seattle-based company announced its third-quarter earnings, blowing Wall Street's expectations out of the water and causing its stock to leap 7.7%, to $1,045 per share in after-hours trading.

Although AWS has continued to be a massive profit driver, accounting for almost 10% of total revenue in Q3, sales growth for the cloud service actually slowed down for the eighth straight quarter. Q3 net income was $256 million or 52 cents per diluted share, which was roughly flat compared to the year-ago period but demolished the 3 cents-per-share Thomson Reuters I/B/E/S analyst expectation cited by Reuters. But this included $1.3 billion in sales from Whole Foods Market.

O'Shea also noted revenue growth and operating income at AWS "more than offset" the loss Amazon took on through investments in its worldwide business. Analysts had predicted just over $42 billion in revenue.

The consensus estimate from S&P Capital IQ had been for a Amazon loss of one cent per share.

Girardi Out As Yankees Manager After 10 Years In New York
Girardi won a 2009 World Series with the Yankees but before this season hadn't reached a playoff series since 2012. I'd like to thank the Steinbrenner family for believing in me and giving me this wonderful opportunity.

Will Colin Kaepernick Attend The Next NFL Meeting?
NFL Commissioner Roger Goodell and some owners reiterated their belief that players should stand for the anthem. Kaepernick had been taking meetings with publishers recently at the NY office of his talent agency, WME.

Court Grants Undocumented Teen Access to Abortion
Department of Health and Human Services said they found the decision to be a "troubling ruling that exceeds the U.S. Instead they took her to a counseling session at a religiously-affiliated, anti-abortion crisis pregnancy center.

For the first time, Amazon broke its sales out for its business of online retail and for physical bookstores as well as its Whole Foods stores.

(Amazon often chooses to reinvest in operations, and many predicted the company would do so this quarter, as well.) Even more heartening, it offered a rosier outlook for the fourth quarter and says it expects sales to come in between $56 billion and $60.5 billion, or between 28% and 38%.

Amazon's third-quarter revenue increased 34% year over year. Operating income from e-commerce sales in North America was $112 million. "Of those services, Subscriptions (which includes Prime) and Other (which includes advertising) are its fastest-growing businesses". But Amazon Web Services' operating income was close to $1.2 billion, up from $861 million in the year-ago quarter. GlobalData Retail's Saunders said his firm sees Prime "as a critical tool to extend Amazon's customer reach, gather customer data, and to lock in loyalty in an increasingly fickle marketplace". Amazon CEO Jeff Bezos said customers have now purchased "tens of millions of Alexa-enabled devices".

"With thousands of developers and hardware makers building new Alexa skills and devices, the Alexa experience will continue to get even better". The launch of new services like Amazon's unlimited music service in several European countries, and the rollout of Alexa services to India and Japan, have all taken their toll on the cost line. That pushed operating income, including $21 million from Whole Foods Market, down 40% to $347 million. The midpoint of Amazon's guidance for that period now sits at $68 billion, including a $4.4 billion Whole Foods contribution.

Recommended

  • Kid Rock: Of course I'm not running for Senate

    Kid Rock: Of course I'm not running for Senate

    Rock told them no, but encouraged them to "roll with it for awhile". "Are you fucking shitting me?" Ritchie added, "Everybody. Rock also addressed the misconception that there's nothing better than having really great sex with a really hot woman.
    James points the way in attack

    James points the way in attack

    Victor Oladipo scored 28 points and Cory Joseph added 21 to lead hot-shooting IN past Minnesota 130-107. Cleveland took on the Miami Heat , with Wade at point guard , and lost 100-88 in that game.
    GOP: Democrats Have 'Explaining to Do' On Their Own Connections to Russian Federation

    GOP: Democrats Have 'Explaining to Do' On Their Own Connections to Russian Federation

    The [ECMU] provided formal certification that it was neither funded by nor directed by a government or political party". The Podesta Group was paid $1 million for the campaign, according to a CNN report , and Mercury LLC received $720,000.
  • Aid group says Madagascar plague outbreak yet to reach peak

    Aid group says Madagascar plague outbreak yet to reach peak

    At advanced stages of the infection the inflamed lymph nodes can turn into open sores filled with pus. If the bubonic plague goes untreated, the bacteria can spread to the lungs, causing pneumonic plague.
    Amazon Launches Service That Allows Delivery Drivers To Open Your Front Door

    Amazon Launches Service That Allows Delivery Drivers To Open Your Front Door

    Amazon Key not only offers in-home deliveries but also will eventually offer in-home services, such as cleaning and pet-sitting. Denver is expected to be among the cities where Amazon starts letting customers give package carriers access to their homes.
    Samsung gives away Note 8 to all 200 passengers in a flight

    Samsung gives away Note 8 to all 200 passengers in a flight

    A message in Spanish on the Galaxy Note 8 box reads: "A year ago we asked you to turn it off, we welcome you today on board". As the information isn't coming directly from Samsung, it's not certain just yet, so don't get your hopes too high just yet.
  • Starbucks offering 'Zombie Frappuccino' for limited time

    Starbucks offering 'Zombie Frappuccino' for limited time

    If you need a drink to go along with your creative Halloween outfit this year, Starbucks has got you covered. It makes sense, then, that the Zombie Frapp is only going to be available from October 26 to October 31.
    Microsoft Corporation (MSFT) Q1 Earnings Beat As Azure Sales Surge 90%

    Microsoft Corporation (MSFT) Q1 Earnings Beat As Azure Sales Surge 90%

    As in previous quarters, the numbers most of us pundits are going to focus on revolve around Microsoft's cloud efforts. Windows OEM revenue went up by just four percent and commercial Windows and cloud services increased by seven percent.

    Rotary Club of Hyderabad Deccan holds Polio Day

    On Monday in Greensburg, the Greensburg Rotary Club gathered for its annual "This Close" photo of members. Since 2013, the foundation has matched $1 for each dollar that Rotary has raised.
  • Arsene Wenger: Eddie Nketiah's teenage kicks is part of Arsenal's DNA

    Arsene Wenger: Eddie Nketiah's teenage kicks is part of Arsenal's DNA

    Here you have no chance to put an experienced player on, so you try to find a young player who can give you a chance. Arsenal boss Arsene Wenger insists he never doubted his team selection for their Carabao Cup win over Norwich City .
    Sony Xperia XZ Premium Gets Android 8.0 Oreo

    Sony Xperia XZ Premium Gets Android 8.0 Oreo

    The Galaxy Note 8 and S6 edge users can also check for the update manually by heading to Settings About Device System Updates. If you're not seeing the update just yet, just sit tight and wait for that OTA notification, which should be arriving soon.
    Injustice 2 PC Release Set, Open Beta Starts This Week

    Injustice 2 PC Release Set, Open Beta Starts This Week

    An exact release date hasn't bee announced yet, but we'll be sure to bring you that information as soon as it becomes available. That's rather disappointing, as it'd be preferable for them to have another go at a port and (ideally) get it right this time.

One Mistake, Goal - Tottenham Star Wary of Manchester United Marksman One Mistake, Goal - Tottenham Star Wary of Manchester United Marksman "I think Jose Mourinho and the fans would take that and forget about producing an entertaining performance". The Tottenham frontman is a favourite with FPL bosses, having already scored eight goals so far this season.

Russian helicopter crashes in Norway's Arctic waters Russian helicopter crashes in Norway's Arctic waters Russian coal company Arktikugol runs the coal mine at Barentsburg, the main activity, which employs Russian and Ukrainian miners. Norway sent two rescue vessels and a helicopter to the site of the crash. "We know the helicopter failed to return".

Eads & Heald Investment Counsel Sells 116 Shares of Alphabet Inc. (GOOGL) Eads & Heald Investment Counsel Sells 116 Shares of Alphabet Inc. (GOOGL) Google's parent company Alphabet reported a big earnings beat Thursday, with revenue up 24% over the year-ago quarter. COPYRIGHT VIOLATION WARNING: This story was originally posted by TrueBlueTribune and is owned by of TrueBlueTribune.

Missing West Michigan Teacher's Body Found After Husband Left Note, Killed Himself Missing West Michigan Teacher's Body Found After Husband Left Note, Killed Himself Theresa Lockhart's sister called up Christopher Lockhart when she learned her sister had gone missing, Huffington Post reported. After she vanished, cellphone activity and cellphone usage ceased, and none of her family heard from her.

Asia Now Has More Billionaires Than the US Asia Now Has More Billionaires Than the US The country's gross domestic product was US$1.85 trillion previous year , making it the eight largest economy in the world. But while Asian billionaires now outnumber their USA counterparts, the Americans still control more wealth in total.

Former Falcons DE Dwight Freeney signs with Seahawks Former Falcons DE Dwight Freeney signs with Seahawks One of those sacks, however, was a game-clinching sack of new Seahawks teammate Russell Wilson in 2014. With 122.5 sacks on his resume, it's safe to say Freeney is already a first-ballot Hall of Famer.

Caterpillar, Inc. (CAT) Sets New 12-Month High Following Strong Earnings Caterpillar, Inc. (CAT) Sets New 12-Month High Following Strong Earnings Caterpillar Inc. (CAT ) has been given an average price target of $129.75 from analysts, according to data collected by Finviz. Following the sale, the insider now directly owns 18,188 shares of the company's stock, valued at $2,078,888.40.

UK GDP growth pips expectations UK GDP growth pips expectations In particular, computer programming, motor traders and retailers were the businesses that showed the strongest performance. On a yearly basis, economic growth held steady at 1.5 percent in the third quarter, which was in line with expectations.

Former FBI chief James Comey reveals his secret Twitter account Former FBI chief James Comey reveals his secret Twitter account "Ok, in light of this latest tweet , I will confirm that @FormerBu is, in fact, James Comey himself", Wittes tweeted. Unlike Trump, whose preferred form of communication is Twitter, Comey has not been prolific on the social media site.

Las Vegas Shooter's Brother Bruce Paddock Arrested For Child Pornography Las Vegas Shooter's Brother Bruce Paddock Arrested For Child Pornography The child porn case predated the October 1 shooting, said the law enforcement official who spoke on condition of anonymity. The investigation was launched after evidence was discovered at a business in the city's Sun Valley neighborhood.

Cooler temperatures, strong winds to start workweek Cooler temperatures, strong winds to start workweek Look for the showers and storms to approach the I-55 corridor mid to late morning and move west to east through Sunday Night. A warm front will lift through our area Thursday and bring a rise in the temperatures to the low 60s and a mostly sunny sky.

Cuomo signs bill banning use of e-cigarettes indoors Cuomo signs bill banning use of e-cigarettes indoors E-cigarettes often contain toxic chemicals in addition to nicotine, something bystanders should not be forced to breathe. And many major cities, including Boston, New Orleans and Chicago have complete bans on the books as well.

John Stamos Engaged to Caitlin McHugh John Stamos Engaged to Caitlin McHugh A source told "Extra" that John pulled off the romantic proposal with the help of Bob Iger, the Disney Director of Feature Animation.

Original Xbox Classics Begin Hitting Xbox One Today Original Xbox Classics Begin Hitting Xbox One Today All 13 #Original Xbox games will have enhanced 1080p resolution , higher and/or smoother framerates, and improved loading times . More original Xbox games are coming to the Xbox One in Spring 2018, thanks to the magic of Microsoft's backward compatibility.

Arun Jaitley may make big announcements shortly; public sector banks' recapitalisation likely Arun Jaitley may make big announcements shortly; public sector banks' recapitalisation likely The total revenue of GST paid under different heads upto October 23, 2017 for the month of September 2017 is Rs 92,150 crore. So far, we believed that public sector banks have done indiscriminate lending at one stake.