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Amazon CEO Andy Jassy

Amazon’s Q4 performance beats expectations

Amazon’s Q4 performance beats expectations

SEATTLE — Amazon on Thursday reported fourth-quarter sales and earnings that topped analysts’ expectations, driven in part by a “record-breaking” holiday season. The company said its net sales increased 14% to $170.0 billion in the fourth quarter ended December 31, up from $149.2 billion in the fourth quarter of 2022. Net income increased to $10.6

Amazon’s third quarter results beat expectations

Amazon’s third quarter results beat expectations

SEATTLE — Amazon.com Inc. reported third-quarter revenue and earnings that topped analysts’ forecasts, and the e-commerce giant said it expects fourth-quarter net sales to be between $160 billion and $167 billion, which would be an increase of between 7% and 12% compared with the fourth quarter of 2022. For the fiscal third quarter ended September

Amazon reports double-digit sales gains in Q2

Amazon reports double-digit sales gains in Q2

SEATTLE — Amazon.com Inc. reported net sales of $134.4 billion in the second quarter of fiscal 2023, an 11% increase compared to the same period in 2022 when net sales stood at $121.2 billion. Sales in North America totaled $82.5 billion for the quarter, up 11% versus the prior year period, while the company’s international sales

Amazon names new head for global stores

Amazon names new head for global stores

SEATTLE — Amazon has tapped company veteran Doug Herrington to be the new chief executive officer of its Worldwide Amazon Stores unit. He will succeed Dave Clark, the former CEO of Amazon Worldwide Consumer, who is leaving the company to serve as CEO of the supply chain software start-up Flexport. “I’m excited to share that

Amazon posts $3.8 billion net loss in first quarter

Amazon posts $3.8 billion net loss in first quarter

SEATTLE — Amazon.com Inc. recorded net sales of $116.4 billion in the first quarter of fiscal 2022, an increase of 7% versus the prior-year period. But that gain is the company’s smallest in years and compares to a 44% increase in last year’s first quarter. The company also had a net loss of $3.8 billion in