Amazon.com Inc
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Consumer Discretionary : Internet & Direct Marketing Retail | Large Cap Growth
Company profile

Amazon.com, Inc. offers a range of products and services through its Websites. The Company's products include merchandise and content that it purchases for resale from vendors and those offered by third-party sellers. It also manufactures and sells electronic devices. It operates through three segments: North America, International and Amazon Web Services (AWS). Its AWS products include analytics, Amazon Athena, Amazon CloudSearch, Amazon EMR, Amazon Elasticsearch Service, Amazon Kinesis, Amazon Managed Streaming for Apache Kafka, Amazon Redshift, Amazon QuickSight, AWS Data Pipeline, AWS Glue and AWS Lake Formation. AWS solutions include machine learning, analytics and data lakes, Internet of Things, serverless computing, containers, enterprise applications, and storage. In addition, the Company provides services, such as advertising. It also offers Amazon Prime, a membership program that includes free shipping, access to streaming of various movies and television (TV) episodes.

Premarket

Last Trade
Delayed
$2,887.11
8.41 (0.29%)
Bid
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Market Hours

Closing Price
$2,878.70
Day's Change
0.00 (0.00%)
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Day's High
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Day's Low
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Volume
(Light)
Volume:
6,221

10-day average volume:
4,274,285
6,221

Avis Budget sees 80% revenue drop for April, May

5:52 pm ET May 4, 2020 (MarketWatch)
Print

Shares of Avis Budget Group Inc. (CAR) fell more than 4% in the extended session Monday after the car-rental company reported a narrower-than-expected adjusted first-quarter loss but said it expects April and May revenue to be 80% lower as the shutdowns due to the coronavirus pandemic continue to crimp leisure and business car renting. Avis said it lost $158 million, or $2.16 a share, in the quarter, compared with a loss of $91 million, or $1.20 a share, in the year-ago period. Adjusted for one-time items, Avis lost $103 million, or $1.40 a share, compared with a loss of 78 cents a year ago. Sales fell 9% to $1.8 billion, Avis said, adding that through February its revenue for the quarter was up 9%. Analysts polled by FactSet had expected Avis to lose $1.89 a share on sales of $1.75 billion. Avis said that it had available liquidity of $1.6 billion as of late March and no meaning debt maturities until 2023. After the revenue plunge for April and May, Avis said it anticipates to experience a "gradual recovery" in June and "improving thereafter, as shelter in place restrictions are lifted and leisure travel begins to resume. Our current reservations show improvement in June and sequentially increase over the balance of the summer." Earlier Monday, shares of Hertz Global Holdings Inc. (HTZ) plunged after a report by The Wall Street Journal said the car rental company had hired an additional adviser (http://www.marketwatch.com/story/hertz-stock-falls-nearly-20-after-wsj-reports-another-bankruptcy-adviser-hired-2020-05-04) ahead of a planned bankruptcy filing.

-Claudia Assis; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

May 04, 2020 17:52 ET (21:52 GMT)

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