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Amazon warned of the impact of Donald Trump’s global commercial war and issued a weaker guide of what was expected for the second quarter, while the electronic commerce giant launches pronounced tariffs.
The Seattle -based group said Thursday that it expected operational income $ 13 billion and $ 17.5 billion in the current quarter. That is compared to $ 14.7 billion a year ago, but it fell short or the Wall Street prognosis or $ 17.7 billion.
In financial orientation, Amazon added “rates and commercial policies” to the list of factors that represented a risk to their profits.
The executive president, Andy Jassy, told investors that the company was well positioned to resist the storm and that he had dedicated himself to the purchase of inventory in advance ahead of the Trump administration, this imposing tariffs on Chinese imports of up to 145 percent.
“We behave” any demand atticness still, “he said, and that As -Sale prices had not increased appreciable with tariffs.” There will be many vendors that [will] Decides to transmit those higher costs to consumers. “
Amazon has been negotiating pronounced discounts with suppliers and seeking to moisten the impact of tariffs. It imports approximately a quarter of the items it sells from China.
Goldman Sachs analysts said before the Amazon results that the Levies could eliminate $ 5 billion, $ 10 billion of the company’s operational profits this year, denining how the commercial war was developed. That would represent a blow or 6-12 percent in the $ 79.2 billion in the fiscal year of operational profits that Wall Street has predicted.
Amazon also predicted net sales in the current quarter to arrive between $ 159 billion and $ 164 billion, and the lower range does not reach the expectations of analysts of $ 161.4 billion.
The company’s shares decreased 2.3 percent in trade outside the schedule in New York, after closing the regular session 3.1 percent higher.
Amazon March quarter revenues increased 9 percent to $ 156 billion, exceeding files estimates of $ 155 billion, according to the consensus estimates of S&P Visible Alpha.
The group’s fixed electronic commerce platform continued to grow in the first quarter. Net sales in their online retail division increased approximately 5 percent compared to the previous year.
This week, Amazon blocked the horns with the United States government after it arose that its ultra -low cost transport platform had discussed to enumerate import positions in consumer products, in a movement similar to the Chinese rival Temu.
The tour, which sends store goods in China, will be affected by the elimination of tax exemptions of assets valued in less than $ 800, as of May 2.
White House Secretary Karoline Leavitt said on Tuesday that the proposals were a “hostile and political act” of Amazon. The group returned publicly to the proposal after Trump spoke with its founder Jeff Bezos.
The Amazon cloud division, which is the biggest taxpayer to profits, lost expectations, but continued showing signs of strong growth. Sales at Amazon Web Services, which operate data centers and offers customers software tools, increased 17 percent to $ 29.3 billion, but slightly short or consensus estimates fell or $ 29.4 billion.
The company spent $ 24.3 billion on capital expenses in the first quarter, compared to $ 13.9 billion of the previous year. He plans to spend $ 100 billion in Capex this year, directing most of his investment towards AI initiatives.
Jassy said the new Nvidia semiconductor chips and Amazon Training 3 would make the country in the coming months, but that the company faced contrast from the data center due to the scarcity of motherboard and other components.
The company’s rapid growth business revenues increased 18 percent to $ 13.9 billion.
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