Amazon Reports 88% Rise in Profits but Says Growth Could Slow
Source: New York Times
Amazon saw healthy consumer sales and a pickup in its cloud computing business in its latest quarter, but the company told investors to expect slowing growth ahead.Sales from October through December hit $187.8 billion, up 10 percent from a year earlier. Profit rose 88 percent, to $20 billion. Both were roughly in line with Wall Street expectations.But the company signaled that 2025 would be off to a weaker…
This is aggregated or syndicated coverage. Reporting and media belong to the original publisher.
Read the original source at New York Times