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Amazon Posts $2B Loss, Still Beats Wall Street Expectations

Amazon beat Wall Street expectations for its second quarter 2022 earnings Thursday, reporting revenues of $121.2 billion, up 7 percent from a year earlier and well above the $119 billion consensus. However, the company once again reported a loss, this time for $2 billion in the quarter. The company’s share price rose by as much […]

Andy Jassy’s $212M Pay Package Tied to Promotion to Amazon CEO

In his first year on the job, Amazon CEO Andy Jassy received a pay package that totaled more than $212 million, making him another executive with ties to entertainment to receive a nine-figure payday. The enormous $212.7 million compensation package for Jassy, disclosed in a proxy filing Friday, was almost all due to a stock […]

Amazon to Raise Price of Prime Membership

As part of its fourth-quarter earnings report, Amazon announced that it would raise the price of Amazon Prime memberships for the first time in four years, citing investment in the company’s entertainment offerings, and its exclusive deal with the NFL to stream Thursday Night Football beginning next season, as among the reasons for the price […]

Amazon Misses Earnings Estimates as It Grapples With Supply Chain Issues, Labor Challenges

Amazon missed Wall Street targets in income and earnings per share, with the reverberations from the pandemic continuing to impact the company in good ways and bad. On the one hand, net sales increased 15 percent to more than $110 billion as demand for goods continues to surge, but operating income fell to $4.9 billion […]