Tech Company Stocks In Q1: Who Gained? Who Lost?
Submitted by Rick Whiting on
Amazon
CEO: Jeff Bezos
Dec. 30, 2016: $749.87
March 31, 2017: $886.54
Change: +18.23%
In January Amazon said the company would create more than 100,000 new full-time jobs across the U.S. over the next 18 months.
In February the company reported that revenue in its fourth quarter (ended Dec. 31) increased 22 percent to $43.74 billion from $35.75 billion in the same quarter one year earlier. Net income for the quarter was $749 million, up 55 percent from $482 million one year ago.
For all of 2016 Amazon reported revenue of $135.99 billion, up 27 percent from $107.01 billion in 2015. Net income grew four-fold to $2.37 billion from $596 million in 2015.