Skip to main content

Market Overview

E-Commerce Is Here To Stay, Amazon Positioned To Be A Beneficiary, Says Brenda Vingiello

Share:
E-Commerce Is Here To Stay, Amazon Positioned To Be A Beneficiary, Says Brenda Vingiello

E-commerce is a trend that is here to stay, Sand Hill Global Advisors Chief Information Officer Brenda Vingiello said Friday on CNBC's "Fast Money: Halftime Report."

E-commerce still makes up a small percentage of retail sales, so there is plenty of room for growth, Vingiello told CNBC, with Amazon.com, Inc. (NASDAQ: AMZN) as a beneficiary. Vingiello also expects Amazon Web Services and advertising to continue to grow, which will add to the company's profitability. 

Vingiello said she was expecting S&P 500 earnings growth of 24% coming into the first quarter, but she believes it could end up coming in around 46%.

Amazon Earnings: Amazon reported earnings of $15.79 per share, beating the estimate of $9.54 per share, and $108.5 billion in revenue, beating the estimate of $104.46 billion. The company provided revenue guidance between $110 billion and $116 billion for the second quarter. 

Related Link: Amazon Announces 200M Prime Members, AWS $54B Annual Run Rate Business

Price Action: Amazon was down 0.11% at $3,467.42 at last check Friday. 

(Photo: Christian Wiediger via Unsplash)

 

Related Articles (AMZN)

View Comments and Join the Discussion!

Posted-In: Brenda Vingiello CNBC Fast Money: Halftime ReportEarnings Long Ideas News Trading Ideas

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com