Amazon's Bezos to step down from CEO role in third quarter

MG News | February 03, 2021 at 03:58 PM GMT+05:00

0:00

February 3, 2020: Amazon.com Inc on Tuesday beat estimates for holiday-quarter sales and said Jeff Bezos would move to the role of executive chair in the third quarter and be replaced by Amazon Web Services head Andy Jassy as chief executive officer.

Net sales rose to $125.56 billion in the fourth quarter ended Dec. 31 from $87.44 billion, beating estimates of $119.7 billion, according to IBES data from Refinitiv.

Amazon was forced to move its two-day shopping event Prime Day, typically in July, to early October, contributing to its holiday sales numbers.

Reuters

Related News

Name	Price/Vol	%Chg/NChg
KSE100	136,502.54 259.91M	1.64% 2202.77
ALLSHR	85,079.90 838.35M	1.26% 1061.74
KSE30	41,552.62 97.27M	1.81% 738.33
KMI30	193,330.76 84.69M	0.39% 741.60
KMIALLSHR	56,315.31 366.02M	0.43% 243.06
BKTi	38,498.08 37.91M	4.13% 1526.33
OGTi	28,138.38 5.66M	-0.36% -101.89

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	120,300.00	120,435.00 120,300.00	65.00 0.05%
BRENT CRUDE	69.14	71.53 69.02	-1.22 -1.73%
RICHARDS BAY COAL MONTHLY	97.50	0.00 0.00	0.25 0.26%
ROTTERDAM COAL MONTHLY	106.50	106.60 106.50	-2.20 -2.02%
USD RBD PALM OLEIN	998.50	998.50 998.50	0.00 0.00%
CRUDE OIL - WTI	66.89	66.90 66.86	-0.09 -0.13%
SUGAR #11 WORLD	16.31	16.67 16.27	-0.26 -1.57%