Amazon profits are sharply lower as it invests overseas

Amazon profits are sharply lower as it invests overseas
 

Amazon's sales continued to grow in the second quarter, but rising expenses took a large bite out of profits.
The e-commerce giant earned $197m in profit in the three months to the end of June, less than a quarter of what it took home in the same period of 2016.
The fall came as the firm pursues expansion overseas, while investing heavily in new products and services, including video.
Expenses increased to $37.3bn, up 28% year-on-year.
Amazon is known for ignoring profits and opting to spend on expansion.
But the increase still took investors by surprise. Share prices fell 2% in after-hours... read more

 
27 July 2017 in Business, Views: 41
Source: BBC
Share:
  •  





    News Widget for Webmasters



    Bring Eugene's son back home immediately

    Realtime News

     

    «
    »
    Mo Tu We Th Fr Sa Su
      1 2 3 4 5 6
    7 8 9 10 11 12 13
    14 15 16 17 18 19 20
    21 22 23 24 25 26 27
    28 29 30 31