Amazon

Amazon.com, Inc. (NASDAQ:AMZN) is a multinational technology company, which engages in the provision of online retail shopping services. It operates through the following segments: North America, International, and Amazon Web Services (AWS). The North America segment is involved in the retail sales of consumer products including from sellers and subscriptions through North America-focused online and physical stores. It also includes export sales from online stores. The International segment focuses on the amounts earned from retail sales of consumer products including from sellers and subscriptions through internationally-focused online stores. The AWS segment consists of global sales of compute, storage, database, and other services for start-ups, enterprises, government agencies, and academic institutions. The company was founded by Jeffrey P. Bezos in July 1994 and is headquartered in Seattle, WA.

Amazon.com (NASDAQ:AMZN) Swings to Q2 Earnings, Net Sales Rise; Q3 Revenue Guidance Set

/ / Consumer Discretionary /

Amazon.com (NASDAQ:AMZN) reported Q2 earnings  of $0.65 per diluted share, swinging from a loss of $0.20 a year earlier. Analysts polled by Capital IQ expected earnings of $0.34. Net sales for the quarter ended June 30 were $134.38 billion, up from $121.23 billion a year earlier. Analysts surveyed by Capital IQ expected $131.34 billion. The company said it expects Q3 net sales to range between $138 billion and $143 billion. Analysts surveyed by Capital IQ expect $138.29 billion.

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Amazon.com (NASDAQ:AMZN) Q2 2023 Earnings Call Transcript

/ / Consumer Discretionary /

Amazon.com (NASDAQ:AMZN) Company Management Andrew Jassy – President, CEO & Director Brian Olsavsky – SVP & CFO Dave Fildes – Director, IR Analysts Brent Thill – Jefferies Brian Nowak – Morgan Stanley Colin Sebastian – Robert W. Baird & Co. Douglas Anmuth – JPMorgan Chase & Co. Eric Sheridan – Goldman Sachs Group Mark Mahaney – Evercore ISI Operator [Operator Instructions]. And our first question comes from the line of Colin Sebastian with Baird. Colin Sebastian I guess first on the fulfillment efficiency. Would be curious if you could give us a sense for how much of that optimization in the network with unit economics may have already been achieved in these numbers versus how much more you think is left to go. And related to that, I’m curious if you can leverage this reformulated network to help out with the grocery expansion. Or will that be limited to the

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