Amazon Surprises Investors with Strong Quarterly Numbers
Online retailer Amazon posted strong quarterly numbers and the company has positively surprised investors with record revenue. The company reported 34 percent growth in top line and Amazon Web Services continues to grow at a faster pace compared to the competition. Amazon stock has witnessed strong move over the last one year and some investors were skeptical if the company performance would match the valuations.
Amazon informed that the integration of Whole Foods is going well. The company acquired Whole Foods in a $13.7 billion deal recently, a move that surprised many market analysts. Amazon has not stated its future strategy with Whole Foods segment.
Amazon reported $43.7 billion in revenue. However, the company reported flat profit as it continued investments in data centers, streaming video content, gadgets and warehouses. Amazon reported $256 million net profit compared to $252 million reported during Q32016.
Amazon stock closed marginally down on Thursday but during the after-hours trading, the stock was up by 7.5 percent, touching a new high. Currently, Amazon’s market valuations stands at $467 billion and the results could push it beyond $500 billion mark.
According to recent reports from scientific institution, NASA is get closer to the sun using a solar probe which was designed for viewing the sun at close range.
According to the hailing company, Uber will seize off all the self-driven tucks which currently are operating within the US highways following hauling of shipments and cargo on board.
Piezoelectric Bioceramic Market report focuses on growth analysis and historical & futuristic cost of Piezoelectric Bioceramic industry.
The research report gives detail analysis on Multistage Pump Market which is helpful to understand the previous situation.
Injection Molding Machine Market Report offers overall business strategies and market trends to those who are actively seeking an effective way to grow in the industry.