Amazon profits grow 41% in the first quarter of the year

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Amazon has also cited its investors to release their financial results on the evening of Thursday, April 27. The global online commerce giant must also be accountable for everything that has happened in these 90 days of activity pertaining to its benefits or the international expansion in new territories. Without further delay, let’s see what the Amazon results are for the first quarter of 2017.

As we have done before, we will review the Wall Street analysts’ forecasts regarding Amazon’s results. They were expecting earnings per share of $1.12, up from $1.07 last year. In the area of profits they expected $35.3 billion well above the $29.1 billion of the previous quarter.

The main view of the investors will be in terms of the important benefits, achieved due to the period of heavy investments that the company immersed. They will also be very attentive to international expansion that is the key in overcoming the problems of a saturated market of the United States. International sales grew 24% in 2016 and are expected to continue growing.

Results Amazon first quarter Q1 2017

Amazon has just released the results for the first quarter of the year that records the 41.1% increase in profits compared to that of previous year. All this is mainly due to the growth in sales of its online business and the profits of its division of the cloud. Net income was $724 million or $1.48 per share to that of $513 million or $1.07 per share previous year.

With these figures, Amazon already has a cycle of eight consecutive quarters with positive benefits. Net sales were $35.71 billion, higher than what was expected by the Wall Street analysts. All this represents a year-on-year growth of 22.6% from $29.13 billion in 2016.

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