Amazon’s Revenue Is Roughly Half that of Walmart, AMZN Stock Yawns

2019-4-26 03:34

By CCN: Amazon’s stock is flat in after-hours trading after the company destroyed earnings estimates, beating them by a sizable amount – more than 50%. Amazon continues to conquer the world with nearly $60 billion in revenue in the first quarter alone, skyrocketing 17% from the comparable quarter last year.

Amazon’s annual revenue is now roughly half that of Walmart’s. More than 80% of Amazon’s revenue comes from its e-commerce business. Its Q1 revenue has increased 15-fold over the past 11 years. Amazon’s first quarter revenue: 2019: $59. 7 billion2018: $51. 0 billion2017: $35. 7 billion2016: $29. 1 billion2015: $22. 7 billion2014: $19. 7 billion2013: $16. 1

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amazon revenue quarter stock half walmart roughly

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