Amazon showed investors it can run grocery stores, churn out gadgets, expand its cloud-computing business and invest in new markets, all while selling more products online and managing expenses, according to Bloomberg.
The company reported third-quarter sales and profit that topped analysts’ estimates. The results reassured investors that the company can integrate its biggest-ever acquisition, Whole Foods, without disrupting its dominating e-commerce performance. Shares rose as much as 8.5 percent in extended trading.
Whole Foods generated $21 million of operating income in the period, which included about a month of sales. Revenue from “physical stores,“ primarily Whole Foods locations, was $1.28 billion.
Net income increased to $256 million, or 52 cents per share, from $252 million, or 52 cents, a year earlier, the company said in a statement. Sales gained 34 percent to $43.7 billion. Amazon projected operating income in the current quarter of $300 million to $1.65 billion on revenue of $56 billion to $60.5 billion.
Revenue from Amazon Web Services, its profitable cloud-computing division, increased 42 percent to $4.6 billion. Sales of warehousing, packaging and other logistics services Amazon provides for e-commerce merchants increased 40 percent to $7.9 billion. Second-quarter growth was the same for both segments.
When the largest amusement park in Germany, Europa-Park, began constructing its new Croatia area, it found inspiration in Rimac hypercars and technology for its new rollercoaster – the Voltron Nevera Powered by Rimac.
Following the end of the public delisting acquisition offer for Telefónica Deutschland, Telefónica holds approximately 96.85% of the shares in its German subsidiary.
Infobip Shift Miami, the American version of the Croatian developer conference, this week brought together a diverse technology-sector audience on the shores of Florida.
