NewsExpress banner First Bank Fashion Souk Fidelity bank card banner Umm Sulaim's Thoughts Camano banner

Amazon net income, revenue increase in Q4

By News Express on 03/02/2017

Gmail icon

Views: 1,651

  E-commerce giant Amazon saw its net income and revenue rise in the fourth quarter of 2016, the company announced Thursday.

Net income increased 55 percent to $749 million in the final quarter of last year, from $482 million the same period a year ago.

Revenue was up 22 percent to $43.7 billion, from $35.7 billion, during the same period.

Amazon Prime membership, which offers free two-day shipping and video streaming online, jumped 73 percent in 2016, from the previous year, CEO Jeff Bezos noted in the statement.

The company said it expects revenue to be between $33.25-$35.75 billion in the first quarter of this year, and net income to be between $250-$900 million.

Although net income and revenue rose year-over-year in the fourth quarter, they failed to meet market expectations.

As a result, Amazon stock price fell 4.5 percent on Wall Street during after-hours trading.
(Ovunc Kutlu/Anadolu Agency)

Source News Express

Posted 03/02/2017 11:12:09 AM





You may also like...
2015: WHY I MUST CONTEST —Buhari

Obiano to FG: Make Air Peace Nigeria’s national...

7 dead, woman abducted as herdsmen attack Benue...

Angry passengers overwhelm security officials at Abuja train...

Nasarawa abolishes schools fees in primary, secondary schools...


Nigeria may explode if we don't tackle unemployment...

Journalist found dead in police officer’s house

I won’t run for Nigerian Senate again —...

Anambra, Enugu Senators play DUMB as Kogi claims...

UN agency calls for the establishment of community...

Buhari gives deadline for resolution of all outstanding...


Latest News ISWAP terrorists abduct 14, including two Red Cross workers Two Nigerian varsity students deported to Bosnia Don’t handcuff me in public, Kalu begs prison warders Rape victim set on fire on way to court hearing How police officer murdered my son: Ex-Senator Titi Ajanaku’s death shocking - Obasanjo 2,000 repentant bandits surrender weapons to Zamfara Govt Eight dead, including children, in gas explosion Pirates kidnap 19 crew members from Greek tanker off Nigeria Kano Assembly defies court, passes new Emirates Bill Police arrest 10 as land grabbers sack Ogun village UK court rejects registration of Ogoni suit judgment against Shell


Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (568,796 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (455,180 views) Shameless Genevieve Nnaji exposes breasts in public (404,942 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (339,639 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (306,521 views) 10 cars more expensive than Jets (290,025 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (260,584 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (259,349 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (240,801 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (227,299 views) Lagos plane crash: Journalist releases victims’ names (203,211 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (199,707 views)


CBN milk production

CBN banner advert

UBA Wise Savers Promo


Categories Advertorials (3) African Press Organisation (81) Art & Literature (111) Business & Economy (4,610) Business Verdict (89) Columnists (1,154) Complaints & Requests (97) Enterprise & Opportunities (219) Entertainment (715) Features (851) Global Business Monitor (497) ICT Monitor (71) International (4,299) Interview (216) Live Commentary (30) Love Matters (177) Maggie's Blog (505) News (54,860) Opinion (1,434) Pidgin (18) Politics (11,845) Religion (1,129) Sports (2,243) Stock Watch (40) AMA & Al Jazeera Global Update







APO Group Partner




GOCOP Accredited Member

GOCOP Accredited member



Africa Media Agency and Al Jazeera