{"id":5145,"date":"2021-02-02T22:22:27","date_gmt":"2021-02-02T22:22:27","guid":{"rendered":"https:\/\/www.futuresandoptions.gr\/en\/?p=5145"},"modified":"2021-02-02T22:22:28","modified_gmt":"2021-02-02T22:22:28","slug":"amazon-reports-strong-earnings-andy-jassy-will-be-the-next-ceo","status":"publish","type":"post","link":"https:\/\/www.futuresandoptions.gr\/en\/amazon-reports-strong-earnings-andy-jassy-will-be-the-next-ceo\/","title":{"rendered":"Amazon Reports Strong Earnings &#8211; Andy Jassy will be the next CEO"},"content":{"rendered":"\n<p>Amazon AMZN, reported another strong quarter as sales exceed $100 billion for the first time and earnings for the quarter reached a record for the third consecutive quarter. \u00a0The company reported quarterly earnings of $7.2 billion, or $14.09 a share, up from $6.47 the same quarter last year. Analysts expecting earnings of $7.20 per share.   <\/p>\n\n\n\n<p>AMZN reported Q4 sales of $125.60 billion, topping the analysts expectations of $119.70 billion. This is a 43% increase over sales of $87.44 billion the previous year.<\/p>\n\n\n\n<p>Operating income\u00a0increased to $6.9 billion in the fourth quarter, compared with operating income of $3.9 billion in Q4 2019.<\/p>\n\n\n\n<p>Amazon <a href=\"https:\/\/www.futuresandoptions.gr\/en\/bafin-on-cloud-computing-compliance-with-the-supervisory-requirements-regarding-rights-of-information-and-audit-and-ability-to-monitor\/\">cloud-computing<\/a> segment reported 28% revenue growth in the Q4, below the analysts\u2019 expectations. AWS revenue accounts for 10% of Amazon\u2019s total sales. Revenue at AWS came to $12.7 billion from $9.95 billion, below the Wall Street consensus of $12.83.  <\/p>\n\n\n\n<p>AMZN Revenue for 2020 increased to $386.1 billion from $280.5 billion the previous year. Net income for 2020\u00a0increased to $21.3 billion, or $41.83\/per share, compared with net income of $11.6 billion, or $23.01\/per share in 2019. Operating income\u00a0increased to $22.9 billion, compared with operating income of $14.5 billion in 2019<\/p>\n\n\n\n<p>The company now expects for first-quarter 2021 sales of $100 billion to $106 billion, up from $75.45 billion in the Q1 of 2019. <\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Bezos will step down! Andy Jassy will be the next CEO<\/h2>\n\n\n\n<p>Andy Jassy, who runs the cloud-computing business (AWS), will succeed Jeff Bezos as Amazon CEO. <a href=\"https:\/\/en.wikipedia.org\/wiki\/Jeff_Bezos\">Jeff Bezos<\/a> announced today that he will step down as CEO in the third quarter of 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon AMZN, reported another strong quarter as sales exceed $100 billion for the first time and earnings for the quarter reached a record for the third consecutive quarter<\/p>\n","protected":false},"author":2,"featured_media":5146,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"footnotes":""},"categories":[14,111,22],"tags":[1400,1399,1401],"class_list":["post-5145","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-financial-news","category-stocks-2","category-wall-street","tag-amazon","tag-amzn","tag-andy-jassy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Amazon Reports Strong Earnings - Andy Jassy will be the next CEO -<\/title>\n<meta name=\"description\" content=\"Amazon AMZN, reported another strong quarter as sales exceed $100 billion for the first time and earnings reached a record. 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