Over the past five years, Amazon has created more than 150,000 jobs in the US, growing it's workforce to 180,000 at the end of last year. The hub and planes make Amazon less reliant on United Parcel Service Inc and FedEx Corp and complement its network of warehouses around the country. That's slightly short of analyst expectations for revenue of $35.9 billion as polled by S&P Global Market Intelligence.
Operating income for the whole year was 4.2 billion dollars, compared with operating income of 2.2 billion dollars in 2015. This is compared with $1.1bn 12 months earlier.
Retail competitors, including Wal-Mart Stores Inc., are struggling to match Amazon's quick delivery on a wide assortment of goods as shoppers shift their spending from stores to websites and smartphones. "The use of Alexa to me is very impressive, and that in and of itself will improve the marketing to their customers, making it much more targeted and much more focused", Natalie Kotlyar, consultancy BDO's consumer business practice chief, told Retail Dive. Two years ago, the New York Times offered a harsh assessment of Amazon's work environment, an account the company subsequently insisted was inaccurate.
Amazon stock closed during Thursday regular session at $840.18, up 0.94%. Amazon.com now has an average rating of "Buy" and an average price target of $934.68. (NASDAQ:AMZN) stock. Analyst's mean target price for AMZN is $929.10 while analysts mean recommendation is 1.90. Wedbush set a $900.00 price target on shares of Amazon.com and gave the stock a "buy" rating in a research report on Sunday, October 30th. The heightened volatility saw the trading volume jump to 38,50,181 shares.
Shares of Amazon.com, Inc. The lease term sheet is expected to be signed between AMZN and the airport. The e-commerce giant reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.80 by $0.28. Amazonsaid AWS launched 1,019 new features in 2016 as part of that push. 7,203,610 shares of the stock were exchanged.