{"id":88087,"date":"2024-05-01T00:14:58","date_gmt":"2024-05-01T04:14:58","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=88087"},"modified":"2024-05-01T00:00:14","modified_gmt":"2024-05-01T04:00:14","slug":"amazon-profit-more-than-triples-topping-wall-street-expectations","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/05\/2024\/amazon-profit-more-than-triples-topping-wall-street-expectations.html","title":{"rendered":"Amazon profit more than triples, topping Wall Street expectations"},"content":{"rendered":"\n<p>(CNBC) Operating income soared more than <strong>200%<\/strong> in the period to $15.3 billion, far outpacing revenue growth, the latest sign that the company\u2019s cost-cutting measures and focus on efficiency is bolstering its bottom line. AWS accounted for 62% of total operating profit. Net income also more than tripled to <strong>$10.4 billion<\/strong>, or 98 cents a share, from $3.17 billion, or 31 cents a share, a year ago. Sales increased 13% from $127.4 billion a year earlier.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/04\/30\/amazon-amzn-q1-earnings-report-2024.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) Operating income soared more than 200% in the period to $15.3 billion, far outpacing revenue growth, the latest sign that the company\u2019s cost-cutting measures and focus on efficiency is bolstering its bottom line. AWS accounted for 62% of total [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-88087","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=88087"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88087\/revisions"}],"predecessor-version":[{"id":88088,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/88087\/revisions\/88088"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=88087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=88087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=88087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}