CEO Andy Jassy Archives - MMR: Mass Market Retailers

Amazon beats Q1 revenue estimates

April 28, 2023 by MMR Amazon.com; Amazon earnings, CEO Andy Jassy Leading Headlines, Money

SEATTLE — Amazon on April 27 posted a profit of $3.2 billion for the first quarter, up from a loss of $3.8 billion in the year-ago quarter and easily surpassing analysts’ estimates. The swing to a profit came as Amazon ramped up cost-cutting measures. The company has announced two rounds of layoffs, canceled products and

Amazon’s 4Q revenue tops expectations

February 3, 2023 by MMR Amazon.com Inc., CEO Andy Jassy, fourth-quarter earnings Featured Articles, Leading Headlines, Money

SEATTLE – Amazon on February 2 reported revenue of $149 billion for its fourth quarter, beating estimates with a 9% increase from a year earlier. But profits declined 98% year on year to $278 million due to higher costs and expenses that included charges related to its layoff of 18,000 employees, a pre-tax valuation loss