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8 wildcards in Amazon’s third quarter earnings report



E-commerce and cloud computing giants Amazon.com (Nasdaq stock code: AMZN) The third quarter results were announced after the market closed on Thursday. The company broke all visible records due to consumers’ love for online shopping and services during the COVID-19 pandemic.

Here are some of the most amazing numbers I found in Amazon’s third quarter report and earnings call.

The coins are stacked around a canvas bag with a big dollar sign.

Image source: Getty Images.

1. Net sales: USD 96.1 billion

In terms of seasons, the third quarter is usually a relatively quiet period for Amazon. In 2020, top sales increased 37% year-on-year to US$96.1 billion. This is the largest revenue figure in Amazon’s history, far exceeding Wall Street’s consensus estimate of $92.7 billion.

2. Revenue: 192% increase

Compared with the same period last year, Amazon’s profits almost tripled to $12.37 per share after dilution. Your average analyst will settle at a price of $7.41 per share.

3. Capital expenditure: an increase of 190%

The company continues to invest heavily in its transportation and warehouse infrastructure. Amazon’s capital expenditure in the third quarter was US$9.8 billion, higher than the US$3.4 billion in the same period last year and US$6.6 billion in the second quarter.

4. 350,000 new jobs in four months

Amazon added 250,000 full-time employees in the second quarter and added another 100,000 in the first month of the fourth quarter. These are full-time jobs with health insurance, 401(k) plans, and a minimum wage of $15 per hour.

5. 1.13 million full-time employees

Amazon’s hiring boom has added up a lot of labor. This figure does not include temporary workers or third-party contractors, who added 200,000 to the payroll during last year’s holiday. More temporary workers will be hired during the 2020 holidays.Amazon is currently one of the largest employers in the world, far surpassing the 633,000 employees or retail competitors of the U.S. Postal Service aims (New York Stock Exchange: TGT), Has 350,000 employees.Retail giant Walmart (New York Stock Exchange: WMT) Amazon, which has more than 2.2 million employees worldwide, still surpasses Amazon, but the list of larger employers is dwindling.

6. Daily COVID-19 test: 50,000

The internal testing of the new coronavirus will reach 50,000 tests per day in November. At this rate, the company can test every one of its full-time employees every three weeks.

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Image source: Getty Images.

7. Fire TV equipment: more than 100 million

Amazon customers stream billions of content hours every month on this rapidly growing family of Alexa-powered media devices. They also connected more than 100 million smart home devices to Alexa.

8. 280,000 MWh of clean energy

Amazon launched a retail service in Sweden earlier this week and paired it with a large wind farm in Varmland County. The company owns many wind and solar farms, but this is Amazon’s first clean energy project outside the United States. The company’s goal is to match the power consumption of all Echo and Amazon devices with clean energy production, and is committed to achieving zero carbon emissions by 2040.




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