Amazon’s profit nearly doubled over the holiday period despite higher costs driven by supply chain and labor shortages WSJWhatsNow
Amazon.com Inc.
said profit nearly doubled in the critical holiday period, as the company managed to control labor and supply costs better than expected and saw gains in its cloud-computing and advertising businesses.in electric-vehicle maker Rivian Automotive Inc. That added nearly $12 billion in profits, accounting for the majority of its earnings for the quarter.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Amazon Smashes Wall Street’s Q4 Earnings Estimates, Profit Gain Driven by Stake in RivianAmazon significantly beat fourth-quarter 2021 earnings estimates but missed on revenue, reporting Thursday a profit gain of almost $12 billion thanks to its investment in electric car company Rivia…
Read more »
Amazon union saga in Alabama spotlights 'David versus Goliath nature' of US labor lawsHere's what to know about round two of the high-stakes Amazon union election:
Read more »
Snap Stock Skyrockets Nearly 60% With First Quarterly Profit EverSnap recorded its first profitable quarter ever in the three months ending in December, an unexpected boon that has sent its downbeaten shares sharply upward.
Read more »
Snap Stock Skyrockets Nearly 60% With First Quarterly Profit EverWall Street had expected the company to continue losing money.
Read more »
MacKenzie Scott donates $133.5 million to education non-profitInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Read more »
Tech Stocks Set to Drop After Facebook Profit DisappointsThe stock-market rally looked set to stumble, as investors hammered shares of Facebook owner Meta Platforms premarket. Other technology stocks, including Spotify, Twitter and Amazon, also skidded.
Read more »