Amazon's improving retail sales boost Q3 profit, revenue beats estimates [Yahoo! Finance]
Alphabet Inc. - Class C Capital Stock (GOOG)
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm
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Source: Yahoo! Finance
estimates, helped by favorable retail sales, sending its shares up 5.7% after the closing bell. The company indicated it expected healthy results in the holiday quarter, its largest of the year, thanks to its faster shipping times and a move to stock lower-costs items. Amazon's upbeat results could signal a better-than-feared holiday season for retailers, who have been bracing for the slowest pace of holiday sales growth in six years. Three months ago, Amazon executives warned that consumers were “cautious with their spending” and seeking less-expensive options. Amazon reported a 7% improvement in retail sales in the quarter ended Sept. 30 to $61.41 billion. The after-hours gain in the share price more than made up for a decline during regular trading. "The most notable item in Amazon's earnings was the surprising improvement in margins," said Gil Luria, head of technology research at D.A. Davidson. "Investors were concerned about the ability of the retail business to mainta
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