Amazon's Earnings Soar Beat Estimates

- Amazon's Operating cash flow increased by 53% to $17.6 billion for the past 12 months.
- The company's Net sales is up by 23% to $35.7 billion in the first quarter.
- Guidance for second quarter net sales looks very good.
- Prime is getting more features and more users.

Last Thursday April 27, after the market closed, Amazon (NASDAQ:AMZN) released their first quarter earnings for 2017 and they not only did they meet their already high expectations, they shattered them. It was predicted that they will have 1.12 per share; Amazon obliterated this expectation reporting $1.48 Earnings Per Share.

Amazon.com Inc's (AMZN.O) retail and cloud-computing sales rose in the first quarter, inching above Wall Street's expectations and sending the company's shares to an all-time high in extended trading.

Amazon's revenue has soared in recent years, as people's shopping has shifted online and businesses have moved their IT to the cloud where Amazon Web Services (AWS) is the biggest player.

Amazon Prime, which offers fast shipping and video streaming to members, helped raise the company's subscription sales by 52% in the first quarter. Sign ups are key to Amazon's strategy because Prime encourages shoppers to buy more goods, more often.


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Google Underpays Women Employees

US Department of Labor sued Google, because the internet giant was allegedly withholding information relevant to an ongoing compliance audit. Now, the agency claims that it has found “systemic compensation disparities against women pretty much across the entire workforce.”

On the court hearing related to the ongoing case held last Friday, DoL Regional Director Janette Wipper explained that the agency determined that Google pays its female employees less than their male counterparts, according to The Guardian. In a statement to the paper, DoL Regional Solicitor Janet Herold confirmed the statement, noting that while the agency was still investigating, it has “received compelling evidence of very significant discrimination against women in the most common positions at Google headquarters.”

The hearing was part of a lawsuit filed last January by the US Department of Labor, which has been seeking compensation data as part of a routine audit of Google, a federal contractor.

"The government's analysis at this point indicates that discrimination against women in Google is quite extreme, even in this industry," Janet Herold, a regional solicitor for the DOL, told the Guardian.


Source The Guardian

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