Seattle. 27 Oct. INTERFAX – Amazon.com Inc., the world’s largest online retailer, has recorded revenue growth of 34% in the third quarter of 2017, to record levels, profit has not changed, the financial results exceeded market expectations.
The founder and head of Amazon Jeff Bezos, in theory, was $6.6 billion richer since the price of the company’s shares jumped almost 8% on additional auctions after the closure of the main session in new York on October 26. If the main auction on Friday, the rise will be the same, John.Bezos will become the richest man in the world in the Bloomberg Billionaires list, now headed by bill gates.
The capitalization of Amazon is closer to $470 billion.
According to a press release, its net profit in July-September amounted to $256 million, or $0,52 per share, compared with $252 million, or $0.52 per share, for the same period a year earlier. In the II quarter net profit fell by 77%, and the recovery of growth pleased investors.
Net revenue of Amazon in the past quarter increased from $32.7 billion to $43.7 billion, the revenue growth was the highest in more than five years. Contribution in revenue grocery retailer Whole Foods Market, the purchase of which Amazon made in late August, amounted to $1.3 billion.
Analysts on average had expected that Amazon will record a net profit of $0.03 per share on revenue of $42,14 billion.
The company’s operating profit decreased by 40%, to $347 million.
The operating profit of the unit Amazon working on cloud services (AWS) in July-September jumped to $1.2 billion from $861 million a year earlier. Revenue increased from $3.2 billion to $4.6 billion.
According to the forecast of the company, its revenue in the October-December range from $56 billion to $60.5 billion, that is, increase of 28-38% in annual terms. Also, the company expects operating profit of between $300 million to $1.65 billion compared with $1.3 billion in the fourth quarter of 2016.