It’s the news, without news. It has in the past.”As always, Alexa was mentioned many times (12, to be exact) in the company’s press release, even though Amazon won’t break out the voice assistant in its earnings reports. High-percentage growth cannot continue unabated. "Amazon plans to spend $300 million procuring and administering COVID-19 tests for that workforce as part of the aforementioned $4 billion investment.
Amazon reported Q1 2020 earnings on April 30, 2020. But these aren’t normal circumstances.
"If you're a shareowner in Amazon, you may want to take a seat, because we're not thinking small," Amazon said in the press release. On a call with analysts, Olsavsky said shipping delays were mostly the result of inventory shortages, rather than issues with Amazon's delivery logistics. Over the past couple days, Much of Amazon's earnings release centered on its response to the coronavirus pandemic. I also want to receive Protocol Alerts on the biggest breaking news stories and special reports. Amazon’s Q1 fiscal 2020 revenue is projected to jump 23% from the year-ago period to $73.42 billion, based on our latest Zacks estimates. Amazon is less exposed to that problem than companies like Google or Facebook, but Olsavsky said the company did see a slowdown in advertising demand over the last few weeks of March, as well as "downward pricing pressure. April 30, 2020. EN Visit a different Amazon site. On the flipside, it wasn’t “as noticeable as maybe some others are seeing, and probably offset a bit by the continued strong traffic we have to the site. "Demand has been strong, and the biggest questions we have in Q2 are more about our ability to service that demand with the products that people are ordering, in a full way. It can be directly measured so even as people are cutting back, perhaps on advertising, or their costs, I think this will be one area that will prove its value. Lauren Feiner @lauren_feiner. It’s the news, without news.Get a weekly digest of the week’s most important transcript in your inbox. The consensus EPS Estimate is $6.23 (-12.1% "On other fronts, advertising has been a greater focus for Amazon over the last few years, and it's going to be a rough few months for the advertising market. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.What it's like inside an Amazon warehouse during the Covid-19 pandemic Amazon said the team is building a lab and has already begun a pilot test of front-line employees.
The company’s stock was up 4% in regular trading and down 4% in after-hours trading. “We put some of our best people on it — I think everyone is trying to get testing,” CFO Brian Olsavsky said on the earnings call.In short, Amazon is going to spend money, not just make money, in response to the pandemic. This … "Under normal circumstances, in this coming Q2, we'd expect to make some $4 billion or more in operating profit. "It's an odd quarter, because generally the biggest uncertainty we have is customer demand and what they'll order how much of it they'll order," Olsavsky said. Investors don’t like to hear that, and so the stock is down.Further related to COVID-19, Amazon says it has procured 100 million face masks and is “requiring that they be worn by all associates, drivers, and support staff.” The company also purchased more than 1,000 thermal cameras and 31,000 thermometers. Amazon addressed how it is helping employees stay safe with measures like procuring 100 million face masks and increased pay for hourly employees. Read commentary from Amazon in this financial transcript from Rev.com.Get a weekly digest of the week’s most important transcripts in your inbox. But these aren't normal circumstances. Data is a real-time snapshot *Data is delayed at least 15 minutes. Amazon.com last posted its quarterly earnings results on July 30th, 2020. The company has faced significant push-back from warehouse employees who have complained of unsafe conditions and inadequate benefits as their jobs have been deemed essential. The company knows plenty about what its customers want to buy, or don’t want to buy, and it’s increasingly leveraging this for its advertising business. Q1 2020 Amazon.com, Inc. Earnings Conference Call. The firm had revenue AWS accounted for about 13.5% of Amazon’s total revenue for the quarter, which is on the higher end.Subscription services were up 28% to $5.56 billion. Q1 earnings: $2.5 billion (30% YoY, -24% QoQ, below expectations) Q2 revenue guidance: $75.0 billion and $81.0 billion , in line with expectations The big number: Amazon will spend the entire amount of operating profit it expects to record during the second quarter — at least $4 billion — "on COVID-related expenses getting … April 30, 2020. You can review our And Amazon should be able to fulfil that demand: It hired 175,000 employees just in March and April. To give you the best possible experience, this site uses cookies. If you continue browsing. Rivals Microsoft Azure and Google Cloud are growing faster, but estimates suggest their combined revenue tallies for the first quarter are well below AWS. It has now hired all 175,000 additional workers it had opened positions for in March and April.Amazon also talked about how it is servicing customers during the pandemic by prioritizing stocking essential goods like household staples and medical supplies. nhhslqj hpsor\hhv vdih 7klv lqfoxghv lqyhvwphqwv lq shuvrqdo surwhfwlyh htxlsphqw hqkdqfhg fohdqlqj ri rxu idflolwlhv ohvv hiilflhqw surfhvv sdwkv wkdw ehwwhu doorz iru hiihfwlyh vrfldo glvwdqflqj kljkhu zdjhv iru krxuo\ whdpv The company did note that Alexa “can now answer tens of thousands of questions related to COVID-19.” A large portion of our advertising relates to Amazon sales, not things like travel and auto off-site, which may have been disproportionately impacted at least early on here in the COVID-19 crisis. Key Points . So it’s a bit of a mixed bag. Good day everyone and welcome to the amazon
There is a lot of uncertainty in the world right now, and the best investment we can make is in the safety and well-being of our hundreds of thousands of employees. "We're not sure how far we will get in the relevant timeframe, but we think it's worth trying, and we stand ready to share anything we learn," Amazon said in the release about its testing plans.Some of the $4 billion will also fund higher wages for workers, personal protective equipment (PPE), better cleaning protocols at facilities and "less efficient process paths" that will allow for social distancing.For the second quarter, Amazon said it expects net sales to come in between $75 billion and $81 billion, representing year-over-year growth between 18% and 28%.