Amazon Touts Successful Q4 to Close Out Fiscal 2017
Feb 03, 2018, 09:22
Amazon also benefited from favorable foreign exchange rate changes over the year, amounting to a $1.1bn windfall.
That reference to profitability related to Amazon's forecast for the first quarter of 2018, when it said operating income would be between $300 million and $1 billion, rather than the $1.5 billion people were expecting to see. The company announced a net income of $1.86 billion (earnings per share of $3.75).
The fourth-quarter result was helped by a tax benefit of US$789 million after the U.S. government passed a new tax bill in December.
Net sales increased 38.2% to $60.5 billion, from $43.74 billion a year earlier. The Seattle-based tech giant said it shipped more than 5 billion items last year as part of its Prime subscription program and that more new members had joined Amazon Prime in 2017 than in any other year, both worldwide and in the United States.
Bezos was already the richest person in the world on Thursday, and the CEO added another estimated $6.7 billion to his net worth on Friday, as Amazon shares traded higher.
He said: "Our 2017 projections for Alexa were very optimistic, and we far exceeded them. We don't see positive surprises of this magnitude very often - expect us to double down", he said. Customers can use Alexa to control more than 4,000 smart home devices from 1,200 different brands.
Trump urges GOP to vote on his immigration plan
Mark Meadows , R-NC, the chairman of the House Freedom Caucus, said he was puzzled that the issue is not on the retreat's agenda. He's also expected to speak about immigration and people who were brought to the US illegally as children, known as "Dreamers".
Advertising and forms of revenue increased 62% to more than $1.74 billion.
Amazon's cloud unit, AWS, continued to be the fastest-growing and most profitable business of the company.
Inc. reported on Thursday a profit of nearly $2 billion, its largest in history, as the e-commerce giant attracted millions of new Prime customers during the holiday season and as changes in the tax law across the USA added to the bottom line.
Amazon already made a big push with Alexa previous year, most notably by updating its lineup of Echo smart speakers, which are powered by Alexa, and releasing several new models, including the touchscreen-enabled Echo Show, the Echo Spot alarm clock, and the Echo Plus smart-home hub. During the past year, the company delivered a strong growth as well as a renewed outlook for its investors and the markets as the company continues to develop and make a number of announcements regarding its businesses and future plans to expand its overall operations further.
Bezos said Alexa was one of the key drivers of the company's success.
Amazon has bulldozed into the food industry with its Whole Foods acquisition, built up a large cloud computing business and expanded its physical footprint with bookstores and a new automated convenience store.
He now serves as the Chairman of the House Oversight Committee and is a senior member of the Intelligence Committee. As I look back on my career, it is the jobs that both seek and reward fairness that are most rewarding'.
Now, coming off an Achilles injury , his market may be reduced, as teams are wary of players recovering from the injury . Cousins and Davis have been a dynamic duo this season, bucking the trend of teams going smaller across all positions.
Tottenham boss Mauricio Pochettino has a number of selection decisions to make before the clash at the Newport Stadium. Tottenham travel to League Two Newport County for a place in the fifth round of this season's FA Cup .
While Owens and Zayn may not last long, you can have them in the tag team picture until you get more teams in the division. The victor of the match earned the right to go on to challenge Roode, you guessed it, on next week's SmackDown broadcast.
The Justice Department's inspector general is conducting his own review into the FBI's handling of the Clinton investigation. Mueller removed Strzok from his team after learning of the texts last summer, and he was reassigned to another post.
Surrounded by loved ones at home in Sweden , Kamprad died on Saturday after a short illness, reported IKEA on Sunday. One of the richest men in the world, he had a fortune estimated at $23 billion by Forbes .
The Court of Arbitration for Sport lifted life bans on 28 of the 43 Russians accused of doping at the 2014 Sochi Winter Olympics. Eleven other athletes were confirmed to have committed doping violations but had life Olympic bans reduced.
As traders are becoming increasingly panic-struck in the markets, the government has to take steps to ensure that calm prevails. Trade in bitcoin denominated in Korean won stood at around 4 percent on Tuesday, according to CryptoCompare.
David Liew, a Deutsche Bank trader, pleaded guilty in June and has reportedly agreed to cooperate with prosecutors. Charges in CT against Andre Flotron, 53, of Switzerland, were related to his role as a UBS precious metals trader.
UNDER THE WEATHER: Health care stocks, including several drugmakers, were among the biggest decliners for the second day in a row. HIGH FLYER: Boeing climbed 5.1 percent after the aerospace giant's latest quarterly earnings topped Wall Street's expectations.
Netanyahu was accompanied on the trip by National Security Council head Meir Ben Shabbat and Military Intelligence chief Maj. As a gift, the Russian president handed him an original letter that Oskar Schindler sent to his wife, Netanyahu said.
Presumably, the new features will coincide with what we're seeing from iOS. iOS 11 .3 introduces four new Animoji . The feature doesn't share the user's contact information with businesses, and users can stop chatting at any time.
Fox to broadcast Thursday Night Football for next five seasons
Overall, NFL ratings last season were down 9.7 percent compared to 2016 and the 2016 numbers were down about 8 percent from 2015. Look for the same talent sharing agreement between the NFL Network and Fox Sports when it comes to the pregame show coverage.
Mike Fisher making comeback with Predators
Fisher said his wife kept asking him nearly every day what he was going to do. "She wanted me to do it", Fisher said. Fisher said his wife, country music star Carrie Underwood , encouraged him to make a comeback.
New York Knicks at Boston Celtics preview for January 31
That should mean plenty of playing time for backup guard Terry Rozier, who is averaging 9.1 points per game off the Boston bench. Irving led the C's with 27 points in a 111-110 win over the Denver Nuggets on Monday night to close a hard road trip at 2-2.
Dow, S&P 500 suffer worst one-day fall in five months
Brent crude, used to price worldwide oils, dropped 44 cents, or 0.6 percent, to close at $69.02 a barrel in London. The Russell 2000 index of smaller-company stocks gave up 15.29 points, or 1 percent, to 1,582.82.
Harley-Davidson electric motorcycle coming in 2018
This figure was impacted by a one-time write down of net deferred tax assets due to the recent changes in the US tax laws. Revenue rose 12 percent to $1.05 billion, mainly on pricing as retail sales of motorcycles fell 9.6 percent worldwide.
SpaceX Feb. 6 Falcon Heavy launch will be huge
This makes it 45% more expensive than the Falcon 9, a rocket that has been traditionally used by SpaceX for most of its missions. Falcon Heavy is expected to cost about $90 million per launch, compared to about $62 million for a Falcon 9 launch .
Cryptos slip as Coincheck halts withdrawals
The trade has around 6 percent of yen-bitcoin exchanging, positioning fourth by part of the overall industry on CryptoCompare . It is hard to ascertain the impact of the loss of Coincheck's trading volumes on the overall cryptocurrency ecosystem.
I'm not buying Apple's HomePod for two main reasons
What this does is ensure you can use certain Apple services - chiefly Messages, Calendar, and Reminders - with the HomePod. Google's equivalent, the Google Home Max , is only available in the USA , but its lower end Google Home speaker is £129.
Stabbed NSW detective on the mend
A shop assistant at a nearby chemist told 2GB she was working out the back of the store when she heard four or five gunshots. Pedro Casemiro was walking to the gym across the road from the hotel when he heard police cars rush past with their sirens.
Man United vs Yeovil Town
Following their FA Cup tie at Yeovil's Huish Park, United travel to Tottenham Hotspur in the league on Wednesday. Let us know in the comments section below. "I think it will be really fun to play alongside Ozil".