Jan 31, 2019

Amazon sales soar 20% for quarter

Amazon distribution center in Germany. Photo: Holger Hollemann/picture alliance via Getty Images

Amazon announced quarterly sales rose 20% from the same quarter a year ago, to $72 billion, in an earnings report that beat analyst's revenue predictions, with a total of $3 billion profit for the quarter, or $6.04 per share, compared to an average analyst target of $5.56.

The big picture: The growth of Jeff Bezos' e-commerce behemoth shows no sign of slowing down.

  • Amazon said that Echo Dot, its entry-level Alexa-powered smart speaker, was "the #1 selling product on Amazon globally, from any manufacturer, in any category this holiday season."
  • Amazon Web Services, the company's hugely successful cloud computing unit — whih has driven much of Amazon's recent growth in profitability — saw a 45% sales increase year-over-year, to $7.43 billion.

Go deeper

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 9 a.m. ET: 614,884 — Total deaths: 28,687 — Total recoveries: 135,671.
  2. U.S.: Leads the world in cases. Total confirmed cases as of 9 a.m. ET: 104,837 — Total deaths: 1,711 — Total recoveries: 894.
  3. Federal government latest: President Trump signed the $2 trillion coronavirus stimulus bill to provide businesses and U.S. workers economic relief.
  4. State updates: Alaska is latest state to issue stay-at-home order — New York is trying to nearly triple its hospital capacity in less than a month.
  5. World updates: Italy reported 969 coronavirus deaths on Friday, the country's deadliest day.
  6. Business latest: President Trump authorized the use of the Defense Production Act to direct General Motors to build ventilators for those affected by COVID-19. White House trade adviser Peter Navarro has been appointed to enforce the act.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancing.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

Subscribe to Mike Allen's Axios AM to follow our coronavirus coverage each morning from your inbox.

The one-minute coronavirus story

Illustration: Sarah Grillo/Axios

News about the coronavirus is so big and coming so fast that it's hard to remember what happened just last week, let alone last month.

Here's the quickest possible review of the story so far — how it happened and how the U.S. lost control.

Go deeperArrow11 mins ago - Health

Alaska becomes latest state to issue coronavirus stay-at-home order

Data: Axios reporting; Map: Danielle Alberti/Axios

Alaska issued a mandate Friday evening for all people in the state to "remain at their place of residence and practice social distancing" except for those engaged in essential services, including health care and government functions, effective Saturday at 5 p.m.

The big picture: This is the latest state to announce policies to enforce social distancing. More than 1.5 billion people worldwide were asked to stay home Monday.

Go deeperArrowUpdated 41 mins ago - Health