A company we talked much about in the late 90
s was Amazon. Back then Amazons shares traded below $10. Now, shares are above $1000. On Wednesday, it closed at $1,052,80 which is up 12,93 points or 1,24% for the day. What a company.
It is a huge company and belive it or not, it is a strong momentum going on here and that indicates Amazon has strong growth potential for the future. The company reported a 34% YoY increase in third-party seller service revenues in the first quarter ($6,44 billion).
Amazon also had a 49% increase in subscription revenue in the first quarter ($1,94 billion). AWS revenues grew 43% to $3,66 billion.
Amazon acquired the brick-an-mortar grocery store chain Whole Foods and that will give the company a boost in the e-commerce business. This alone will add more value to its shareholders and therefore change Amazon`s margins.
Amazon.com Inc is expected to report earnings on Thursday 27 after market close. The report will be for the fiscal Quarter ending June 2017. Earnings forecast for the quarter is $1,4 versus $1,78 for the same quarter last year.
Expected revenue is $37,2 billion versus $30,4 billion in sales for the same quarter last year. Amazon
s market cap is now over $500 billion. Thats BIG. B.I.G.
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Shiny bull. The author has made every effort to ensure accuracy of information provided; however, neither Shiny bull nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in precious metal products, commodities, securities or other financial instruments. Shiny bull and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.