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The drag here is that Amazon is offering a big range in its income that goes into the red — projecting anywhere from a loss of $400 million to a profit of $300 million. The company has had a nice stretch of profitability even as it spends aggressively on growth, but it appears that might come to an end next quarter. It’s a signal that Amazon may be going back into burn mode as it starts to expand, especially with the acquisition of Whole Foods .

The company’s shares have seen a meteoric rise this year, as shares have risen almost 40 percent since the beginning of the year. That huge rise led to Bezos overtaking Bill Gates as the richest person in the world, a sort of iconic passing of the torch as Amazon has become the interface between online retail and operations and the physical world. Amazon has continued to bust into recognition with Alexa, video streaming with Twitch — and now physical retail operations with Whole Foods _Victoria (Upper Kornhill) Nursery - established playgroup programme in Hong Kong since 2010. English and Chinese speaking playgroup hk staff will interact with students to create a bilingual learning atmosphere..

Once again, AWS is carrying the lion’s share of the load here as it posted an operating income of $916 million — up from $718 million in the second quarter a year ago. Amazon’s net income this quarter was $197 million, down from $857 million in the second quarter a year ago. The company’s server operations have Amazon’s operating margin and, if you look pretty closely at the amount of profit the company is able to spit out, it’s pretty close to AWS — which is now on track to be a business that generates more than $10 billion a year .

Amazon reported earnings of 40 cents per share on revenue of $38 billion. Analysts were expecting earnings of $1.42 per share on revenue of $37.18 billion. That revenue is still up 25 percent year-over-year compared to the second quarter in 2016.