Log in
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Dynamic quotes 

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Amazon.com, Inc.    AMZN


SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Amazon says sellers racked up more than $4.8 billion in sales over weekend

12/01/2020 | 07:58am EST
FILE PHOTO: An Amazon worker delivers packages

(Reuters) - Amazon.com Inc said on Tuesday independent businesses selling on its platform crossed $4.8 billion in worldwide sales from Black Friday through Cyber Monday, an increase of more than 60% from a year earlier.

In its first indication of performance for the year's peak online shopping days, Amazon said more than 71,000 small- and medium-sized businesses worldwide had surpassed $100,000 in sales this holiday season to date. (https://bit.ly/2JePBBn)

The Seattle-based company did not, however, give a breakdown of U.S. sales or its own numbers for the weekend, nor for either of the two big shopping days, saying only that the holiday season overall had been its biggest ever.

Latest industry estimates overnight showed Cyber Monday on course to be the biggest online shopping day ever for the United States, garnering up to $11.4 billion as the COVID-19 pandemic prompted consumers to stay at home and turn to the internet for their holiday shopping needs.

The robust performance comes despite nearly two months of offers since Amazon held its Prime Day sales event in October, with retailers seeking to recoup business lost during this year's coronavirus-driven closures of malls and stores.

Meanwhile, Ottawa, Canada-based Shopify Inc said on Tuesday total Thanksgiving weekend sales soared 76% to $5.1 billion, beating the previous record of more than $2.9 billion by Saturday evening.

"The record sales ... demonstrate the power of the independent and direct-to-consumer businesses," Shopify President Harley Finkelstein said.

Estimates from Adobe Analytics showed this year's conclusion to Thanksgiving weekend sales would come in between $10.8 billion and $11.4 billion.

While that was down from an earlier estimate of as much as $12.7 billion, it still easily surpasses this year's Black Friday figure of $9 billion, the strongest online sales result for the day ever, as well as last year's Cyber Monday total of $9.4 billion.

(Reporting by Aakriti Bhalla and Patrick Graham in Bengaluru; Additional reporting by Praveen Paramasivam; Editing by Shounak Dasgupta and Arun Koyyur)

© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
ADOBE INC. 0.60% 476.28 Delayed Quote.-4.77%
AMAZON.COM, INC. 0.98% 3326.13 Delayed Quote.2.12%
SHOPIFY INC. -3.83% 1159.77 Delayed Quote.2.46%
All news about AMAZON.COM, INC.
04:11pMicrosoft earnings rise as pandemic boosts cloud computing, Xbox sales
02:54pARROW ELECTRONICS : Enhances Relationship With Amazon's AWS
02:43pAMAZON COM : It's time to raise the federal minimum wage
01:31pAMAZON COM : response to SpaceX comments
01:06pAMAZON COM : Recruiters offer their best tips for interviewing at Amazon
12:54pAMAZON COM : Washington Post Executive Editor Marty Baron to retire
12:46pWidespread internet outage hits U.S. East Coast
12:25pCharles Schwab, Robinhood users face glitches for second day - Downdetector
10:04aAMAZON COM : invests in Infinium to support decarbonization efforts in transport..
06:01aAMAZON COM : Future Engineer Launches in Canada to Inspire and Propel Students f..
More news
Financials (USD)
Sales 2020 380 B - -
Net income 2020 18 146 M - -
Net cash 2020 44 304 M - -
P/E ratio 2020 95,6x
Yield 2020 -
Capitalization 1 669 B 1 669 B -
EV / Sales 2020 4,27x
EV / Sales 2021 3,56x
Nbr of Employees 798 000
Free-Float 81,7%
Duration : Period :
Amazon.com, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends AMAZON.COM, INC.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 52
Average target price 3 840,89 $
Last Close Price 3 326,13 $
Spread / Highest target 35,3%
Spread / Average Target 15,5%
Spread / Lowest Target 5,23%
EPS Revisions
Managers and Directors
Jeffrey P. Bezos Chairman, President & Chief Executive Officer
Brian T. Olsavsky Chief Financial Officer & Senior Vice President
Patricia Q. Stonesifer Independent Director
Thomas O. Ryder Independent Director
Jonathan Jake Rubinstein Lead Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AMAZON.COM, INC.2.12%1 652 768
JD.COM, INC.11.92%152 477
WAYFAIR INC.24.15%30 299
ETSY, INC.14.90%26 329
MONOTARO CO., LTD.-0.38%12 519