{"id":11993,"date":"2023-10-26T23:38:29","date_gmt":"2023-10-26T21:38:29","guid":{"rendered":"http:\/\/costops.com\/index.php\/2023\/10\/26\/amazon-profits-nearly-triple-as-company-reports-143-1bn-in-revenue\/"},"modified":"2023-10-26T23:38:29","modified_gmt":"2023-10-26T21:38:29","slug":"amazon-profits-nearly-triple-as-company-reports-143-1bn-in-revenue","status":"publish","type":"post","link":"http:\/\/costops.com\/index.php\/2023\/10\/26\/amazon-profits-nearly-triple-as-company-reports-143-1bn-in-revenue\/","title":{"rendered":"Amazon profits nearly triple as company reports $143.1bn in revenue"},"content":{"rendered":"<p>Retailer predicts robust margins for rest of year despite rise in interest rates and people returning to brick and mortar stores<\/p>\n<p>Profits almost tripled at Amazon in the latest quarter as consumers continued to spend heavily despite the sharp rise in interest rates.<\/p>\n<p>The world\u2019s largest retailer forecast that sales would continue to rise at a robust pace for the rest of the year. Growth had been knocked by surging prices and customers returning to brick and mortar stores.<\/p>\n<p> <a href=\"https:\/\/www.theguardian.com\/technology\/2023\/oct\/26\/amazon-quarter-profits-revenue-increase\">Continue reading&#8230;<\/a><br \/>\n<img src=\"https:\/\/i.guim.co.uk\/img\/media\/8567a86f02cfdef70710736b59089cef15ddbd99\/0_346_5184_3110\/master\/5184.jpg?width=140&amp;quality=85&amp;auto=format&amp;fit=max&amp;s=816f59c6ff851237aa53bb4c9439e90a\" title=\"Amazon profits nearly triple as company reports $143.1bn in revenue\" \/>Retailer predicts robust margins for rest of year despite rise in interest rates and people returning to brick and mortar stores<br \/>\nProfits almost tripled at Amazon in the latest quarter as consumers continued to spend heavily despite the sharp rise in interest rates.<br \/>\nThe world\u2019s largest retailer forecast that sales would continue to rise at a robust pace for the rest of the year. Growth had been knocked by surging prices and customers returning to brick and mortar stores. Continue reading&#8230;Technology | The Guardian<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Retailer predicts robust margins for rest of year despite rise in interest rates and people returning to brick and mortar stores Profits almost tripled at Amazon in the latest quarter as consumers continued to spend heavily despite the sharp rise in interest rates. The world\u2019s largest retailer forecast that sales would continue to rise at &hellip;<\/p>\n<p class=\"read-more\"> <a class=\"\" href=\"http:\/\/costops.com\/index.php\/2023\/10\/26\/amazon-profits-nearly-triple-as-company-reports-143-1bn-in-revenue\/\"> <span class=\"screen-reader-text\">Amazon profits nearly triple as company reports $143.1bn in revenue<\/span> Read More &raquo;<\/a><\/p>\n","protected":false},"author":0,"featured_media":11994,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1],"tags":[],"_links":{"self":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11993"}],"collection":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/comments?post=11993"}],"version-history":[{"count":0,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/posts\/11993\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media\/11994"}],"wp:attachment":[{"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/media?parent=11993"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/categories?post=11993"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/costops.com\/index.php\/wp-json\/wp\/v2\/tags?post=11993"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}