After missing revenue expectations for the last two quarters, Amazon managed to beat the Street this time around, announcing recording-breaking holiday sales figures for the final quarter of 2018. Revenue clocked in at $72.4 billion, well above the $71.9 billion estimated pre-earnings. Amazon reported $3 billion...
With Amazon reporting its earnings tomorrow, the hanging question is whether Q4 will avoid the disappointments that rocked the company’s stock price after Q3’s results were disclosed. The last earnings report was far from filled with bad news. Amazon reported that delivery is growing, Prime...
Amazon’s next big bid for expansion will be in the Middle East, according to a report from CNBC. The online giant has apparently been contacting North American third-party sellers recently, and telling them about an opportunity to interact with new customers in the United Arab...
J.M. Smucker and Mondelez, the two U.S. food manufacturers, are seen as the least prepared for the competition that is coming from Amazon. That’s according to a new research report from Wall Street firm Bernstein. Analyst Alexia Howard said in a research note covered by...
One day, your hospital room — yes, the whole room — might be brought to you by Amazon. The eCommerce operator, continuing its push into healthcare, has begun selling MedModular pre-made “smart” hospital rooms via its marketplace. Price? As of Friday (Jan. 25), a new...
Some Amazon shareholders have sent a letter to the company, according to CNBC, demanding that it stop selling its facial recognition software to government agencies. The investors want the eCommerce giant to stop selling Rekognition — technology from Amazon Web Services (AWS) that can identify and...
Amazon posted two job openings mentioning its HQ2 office in New York City. Both positions — posted within the last few days — are for engineering jobs for Intelligent Cloud Control (ICC), which helps connect the company’s properties, including Kindle, Amazon Video and Alexa. There are plans to hire...
There’s good news for Amazon Pay users in India: Amazon is giving customers in the region cashback of up to Rs 1,000 ($14) when they load in Rs 5,000 ($71) or more, according to reports. The service, which the retail giant introduced in January of...
Amazon has signed a seven-year deal with French robotics company Balyo, which has a navigation system that turns forklifts into self-driving vehicles. The deal stipulates that Amazon will receive stock warrants representing up to 29 percent of Balyo’s capital. The eCommerce giant will receive the...
