Last updated on October 30, 2020
Amazon’s profit has roughly tripled. The company announced on October 29, 2020 after close of trading on the stock exchange in New York known . Revenue rose 37 percent in the third quarter to $ 96.1 billion, from $ 70 billion in the third quarter of 2019.
Net income reached $ 6.3 billion ($ 12.37 per share), down from $ 2.1 billion ($ 4.23 per share) in the same period last year as high investments in same-day Delivery weighed on the quarterly results.
“We are seeing more customers than ever shopping for their Christmas gifts early. This is just one of the signs that this will be an unprecedented Christmas season,” said company founder Jeff Bezos.