Thursday, July 29, 2021

"Amazon Prime Day, AWS and jobs in the spotlight for Andy Jassy’s first earnings report as CEO" (AMZN)

 From Seattle's own GeekWire:

Amazon’s earnings report Thursday will be its first with CEO Andy Jassy at the helm.

While it may be tempting to view the numbers as setting the tone for a new era, it’s worth keeping in mind that these results were booked as of June 30, several days before Jassy officially took over from founder Jeff Bezos in early June.

And if you buy into an old Bezos refrain, the outcome was actually determined years ago.

One exception is Prime Day, the annual two-day sales event, which was held in June this year. While the company typically doesn’t disclose detailed Prime Day financial results, its overall numbers will provide new clues about how things went. Industry analysts believe Prime Day sales grew at a slower rate.

What to watch in the numbers: Wall Street expects Amazon to report overall net sales of $115 billion, on average, a 29% increase year-over-year. That’s toward the high end of Amazon’s previous guidance of net sales between $110 and $116 billion....


GeekWire is very good on the Seattle companies: AMZN; SBUX;; EXPE; Cray; Redfin etc. with their reach extending to Redmond (11 miles) MSFT and probably to Tacoma (25 miles) as well.
(JK on the reach, they are very good, period)