Tag: Profit

Amazon Posts Record Profit, but Disappoints on Revenue and Outlook

Amazon reported another record quarterly profit Thursday, fueled by the growth of online shopping and its cloud-computing service. But its revenue grew less than Wall Street analysts expected, and Amazon’s shares fell after the results were released. The company, based in Seattle, has boosted its profitability as it expanded far beyond online shopping. For years, the […]

Sony Expects Gaming Business Profit as Strong Yen Eats Into Image Sensors

apan’s Sony Corp said on Friday it expects operating profit to fall 8.8 percent in the financial year through March 2019 as a stronger yen eats into profit from the image sensor business. The electronics and entertainment firm forecast profit to fall to CNY 670 billion ($6.13 billion) from CNY 734.86 billion a year prior, when earnings exceeded the […]