Amazon beats estimates in first quarter sales

ELIAS JAHSHAN | April 29, 2019

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Amazon has beaten analyst estimates by some margin after net income more than doubled during its first quarter.According to its first quarter results for the period ending March 31, the online retail giant saw net income grown from $1.6 billion (£1.24 billion) to $3.6 billion (£2.79 billion). Meanwhile, revenues rose 17 per cent to $59.7 billion (£46.1 billion), hitting the top end of expectations of between $56 billion (£43.3 billion) and $60 billion (£46.5 billion). Despite the positive growth, the figures marked Amazon’s lowest year-on-year revenue growth since 2015. Amazon said it now expected net sales to rise between 13 per cent and 20 per cent during the second quarter, hitting between $59.5 billion (£46 billion) and $63.5 billion (£49.2 billion).

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Ignore reviewing your competitors." } },{ "@type": "Question", "name": "What problems are small businesses facing?", "acceptedAnswer": { "@type": "Answer", "text": "Major problems faced by small businesses are: Money management. Maintaining online presence. Lack of proper marketing strategy and planning. Obtaining and keeping customers. Quality and growth must be balanced." } },{ "@type": "Question", "name": "How do you avoid marketing mistakes?", "acceptedAnswer": { "@type": "Answer", "text": "Marketing mistakes can be avoided by proper planning in every aspect of the business. Do thorough marketing research, focus on your potential customer’s needs, track your performance, and more. These are a few ways you could avoid marketing mistakes by being a little cautious." } }] }

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