*AMAZON $AMZN PREPARES FOR LAUNCH OF LOW-COST, TEMU-RIVAL DISCOUNT STORE $PDD
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More than 50% of that CapEx will be spent on tech infrastructure. How much more runway does AWS have to grow? $AMZN Source: finchat
The stock is down -4% after-hours ➡️ For the quarter, Amazon saw earnings per share (EPS) of $1.59 on revenue of $155.7 billion. Wall Street was anticipating EPS of $1.36 and revenue of $155.1 billion, according to Bloomberg consensus estimates. The company reported EPS of $0.98 and revenue of $143.3 billion in Q1 last year. AWS revenue came in at $29.2 billion versus expectations of $29.3 billion. ➡️ For the second quarter, Amazon said it anticipates operating income of between $13 billion and $17.5 billion. Analysts were expecting $17.8 billion. The company saw operating income of $14.7 billion in Q2 2024. ➡️ The company also said it anticipates a 10-basis point impact to its Q2 sales. ➡️ Amazon shares fell more than 4% following the report. ➡️ $AMZN Amazon Q1 FY25: • Revenue +9% Y/Y to $155.7B ($0.6B beat). • Operating margin 12% (+1pp Y/Y). • EPS $1.59 ($0.23 beat). • Q2 Guidance: ~$161.5B ($0.4B beat). ☁️ AWS: • Revenue +17% Y/Y to $29.3B. • Operating margin 39% (+2pp Y/Y). Source: App Economy Insights, Yahoo Finance
as the logistics group seeks to reduce costs and prepare for a halving in package volume from Amazon, its biggest customer. The job cuts will target workers responsible for delivering packages to customers and supporting UPS’s transportation and logistics services, and come after the group last year cut about 14,000 jobs, primarily in management roles. The latest reduction in headcount is part of UPS’s plan to boost efficiency and consolidate its US domestic network after it said in January it had reached an agreement in principle with its “largest customer” to lower its volume by the second half of 2026.