• Skip to main content
  • Skip to primary sidebar
  • Login
  • Register

Publishers Lunch

The Publishing Industry's Daily Essential Read

  • Publishers Marketplace
  • Site Guide
  • Help

Better Profits, Stock Drop at Amazon

October 25, 2018
By Michael Cader

Amazon reported third quarter results on Thursday afternoon, with much better than expected net income of $2.88 billion, on sales of $55.6 billion (up 20 percent). But the stock is down on the news — albeit after rising 7 percent during the day on Thursday — declining 8.5 percent or about $150 a share in the first hour of trading on Friday. The reason is that investors didn’t like the forecast sales growth for the big fourth quarter of only 10 to 20 percent (with operating income expected to be anywhere from flat, at $2.1 billion, up to $3.6 billion. […]

Login to read full story

Filed Under: Booksellers, Earnings Reports

sidebar

Primary Free Sidebar

Login


Forgot password
Quick Pass users click here to log in
Get Full Access
The publishing industry's essential daily read

Each Publishers Lunch Deluxe subscription includes full access to our searchable multi-year archive of industry news, a nightly email reporting 10 to 50 deal transactions, and our database of industry contacts, scripts, and posting privileges.

Learn More

RSS Automat

  • Taylor & Francis to Make Voluntary Separation Offer; Threatens Layoffs to Follow September 25, 2023 Bookseller
  • Rupert Murdoch to Retire from News Corp and Fox Boards September 21, 2023 NYT
  • OpenAI's New DALL-E3 Lets Artists Opt-Out of Future Training; Rejects Request to Mimic the Style of Living Artists September 20, 2023 TechCrunch
  • Another Response to AI-Generated Books: KDP Lowers Limit On Number of Titles You Can Create, "To Help Protect Against Abuse" September 18, 2023 KDP Forum
  • TikTok (and Instagram) Stars Sell Cookbooks September 18, 2023 NYT
  • Actor and UK Harry Potter Audiobook Narrator Stephen Fry Demonstrates How His Voice Was Copied By AI Without Permission September 18, 2023 Deadline
  • Neal Sofman, Legend of Bay Area Independent Booksellers, dies at 75 September 15, 2023 SF Chronicle
  • Major Textbook Publishers Trying Suing Shadow Library LibGen Again September 15, 2023 Torrent Freak
  • Deesha Philyaw Has Seven-Figure Deal with Mariner for "The True Confessions of First Lady Freeman" in 2025 and "Girl, Look" September 14, 2023 AP
  • Copyright Office Doubles Down on Declining to Register Award-Winning Midjourney-Created AI Art September 12, 2023 Copyright Review Board document
© 2023 Publishers Lunch. All Rights Reserved.