Amazon's Profits Drop 26% As It Throws Money At One-Day Shipping

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Amazon's Profits Drop 26% As It Throws Money At One-Day Shipping

Amazon reported a steep decline in third-quarter profits on Thursday as the e-commerce giant continues to invest heavily in one-day shipping. During the quarter, net income dropped 26% to $2.1 billion. That equates to $4.23 per share, which fell short of the …
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Intel: 3Q Earnings Snapshot

SANTA CLARA, Calif. (AP) _ Intel Corp. (INTC) on Thursday reported third-quarter earnings of $5.99 billion. The Santa Clara, California-based company said it had profit of $1.35 per share. Earnings, adjusted for one-time gains and costs, were $1.42 per …
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Big Four to FASB: Guidance needed on disclosures of supplier financing arrangements

The Big Four accounting firms are asking the Financial Accounting Standards Board to provide guidance regarding the financial statement disclosures
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Amazon Web Services growth slows again, missing analyst expectations

Amazon Web Services yet again powered the tech giant’s bottom line in Q3, but for the second quarter in a row cloud revenue growth dropped below 40 percent. RELATED: Amazon shares fall 8% after missing profit expectations again; $70B in Q3 revenue …
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Bloomberg Daybreak: October 24, 2019 – Hour 2 (Radio)

Bloomberg Daybreak: October 24, 2019 – Hour 2 (Radio). October 24, 2019 — 4:28 AM PDT. Share on FacebookShare on Twitter · Share on
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