Amazon with $ 6,3 billion in profits, above analysts' forecasts

The company of the richest man in the world achieved profits and revenues above analysts' projections, and for the last quarter of the year, the company anticipates even stronger results, in what is one of the biggest winners in the pandemic.

Gus Ruelas / Reuters

Amazon on Thursday reported a 37% year-on-year growth in revenue in the third quarter of the year. The e-commerce giant recorded $ 91,2 billion (€ 78,1 billion) in revenue, resulting in a profit of $ 6,3 billion (€ 5,4 billion). For the period in question, Refinitiv analysts projected $ 92,7 billion (€ 79,4 billion) in revenue, according to CNBC.

The company, which has been one of the biggest beneficiaries of the pandemic and the constraints to economic activity and face-to-face commerce, thus sees its profit in the period skyrocket, after having registered 2,1 billion dollars (1,8 billion euros) gains in the same period last year. Thus, dividends per share reached 12,37 dollars (10,60 euros), well above the projections of 7,41 dollars (6,35 euros).

Jeff Bezos, the company's chief executive, underlined the impact that Amazon has had on society. “Two years ago, we raised Amazon's minimum wage to $ 15 (12,84 euros) per hour for all jobs in the U.S., whether full-time or part-time, temporary or seasonal, and we challenged other big companies to do the same. really ”, highlighted the richest man in the world.

Amazon has come under attack for the conditions it offers workers, especially since the beginning of the pandemic. The report also mentions an annual increase of 50% in the number of employees in the company.

For the next quarter, the company expects even higher revenues, given the proximity of the festive season and the continuity of the pandemic, which should lead consumers to prefer to make their purchases at a distance. For the last quarter of the year, the company projects sales of 112 to 121 billion dollars (96 to 104 billion euros).

Amazon's shares have already risen 74% this year, making the company the biggest winner of the so-called 'Big 5', a technology group that also includes Apple, Facebook, Microsoft and Alphabet, the parent company of Google.

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