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| $AMZN |
The event will be webcast live, and the audio and associated slides will be available for at least three months thereafter at amazon.com/ir (Amazon Investor Relations).
UPDATE Q4 2018 Earnings Release (pdf) excerpt:
UPDATE Q4 2018 Earnings Release (pdf) excerpt:
Fourth Quarter 2018: Net sales increased 20% to $72.4 billion in the fourth quarter, compared with $60.5 billion in fourth quarter 2017. Excluding the $801 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 21% compared with fourth quarter 2017. Operating income increased to $3.8 billion in the fourth quarter, compared with operating income of $2.1 billion in fourth quarter 2017. Net income increased to $3.0 billion in the fourth quarter, or $6.04 per diluted share, compared with net income of $1.9 billion, or $3.75 per diluted share, in fourth quarter 2017. The fourth quarter 2017 included a provisional tax benefit for the impact of the U.S. Tax Cuts and Jobs Act of 2017 of approximately $789 million.
Full Year 2018: Net sales increased 31% to $232.9 billion, compared with $177.9 billion in 2017. Excluding the $1.3 billion favorable impact from year-over-year changes in foreign exchange rates throughout the year, net sales increased 30% compared with 2017. Operating income increased to $12.4 billion, compared with operating income of $4.1 billion in 2017. Net income increased to $10.1 billion, or $20.14 per diluted share, compared with net income of $3.0 billion, or $6.15 per diluted share, in 2017. “Alexa was very busy during her holiday season. Echo Dot was the best-selling item across all products on Amazon globally, and customers purchased millions more devices from the Echo family compared to last year,” said Jeff Bezos, Amazon founder and CEO. “The number of research scientists working on Alexa has more than doubled in the past year, and the results of the team’s hard work are clear. In 2018, we improved Alexa’s ability to understand requests and answer questions by more than 20% through advances in machine learning, we added billions of facts making Alexa more knowledgeable than ever, developers doubled the number of Alexa skills to over 80,000, and customers spoke to Alexa tens of billions more times in 2018 compared to 2017. We’re energized by and grateful for the response, and you can count on us to keep working hard to bring even more invention to customers.”
Amazon.com, Inc., (amazon.com) is a multinational technology company in e-commerce (Amazon), cloud computing (AWS - Amazon Web Services - aws.amazon.com), and artificial intelligence (Alexa - alexa.amazon.com, developer.amazon.com/alexa). Headquarters are in Seattle, Washington.
Amazon Is Doing 'Everything Right,' Wedbush's Pachter Says--Bloomberg.com video published Jan 25, 2019: Michael Pachter, Wedbush Securities managing director, discusses the reasons behind his bullish call on Amazon.com Inc. with Bloomberg's Lisa Abramowicz.
Amazon Is Doing 'Everything Right,' Wedbush's Pachter Says--Bloomberg.com video published Jan 25, 2019: Michael Pachter, Wedbush Securities managing director, discusses the reasons behind his bullish call on Amazon.com Inc. with Bloomberg's Lisa Abramowicz.