On Tuesday, April 28, the Global Advertising Lawyers Alliance will be hosting a webinar, “COVID-19 & Consumer Protection: Global Advertising in a Time of Crisis.” The webinar will be held from 12:00 p.m. to 1:00 p.m. ET.
With the world in crisis over the COVID-19 pandemic, government regulators and self-regulatory organizations are aggressively policing marketers, to ensure that their advertising is truthful and not misleading and complies with other relevant standards. In this webinar, members of the Global Advertising Lawyers Alliance will update you on key COVID-19 related advertising law developments around the world, including important regulatory and self-regulatory enforcement.
The speakers at the webinar will be:
Jose Antoni Arochi, Arochi & Lindner (Mexico)
Donata Cordone, Portolano Cavallo (Italy)
Brinsley Dresden, Lewis Silkin LLP (UK)
Jeffrey A. Greenbaum, Frankfurt Kurnit (US)
Jenny Pienaar, Adams & Adams (South Africa)
For attorneys, CLE credit will be available for both New York and California.
Click here to register.
Amazon reports boost in quarterly profits, exceeds revenue estimates as it invests in AI
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading.
For the three months that ended on Sept. 30, the Seattle-based tech giant posted a revenue of $158.9 billion, higher than the $157.28 billion analysts had expected.
Amazon said it earned $15.3 billion, higher than the $12.21 billion industry analysts surveyed by FactSet had anticipated. Amazon earned $9.9 billion during the same period last year. Earnings per share were $1.43, higher than analysts' expectations of $1.14.
Net sales increased 11% compared with the third quarter of 2023, Amazon said.
Thursday's report offers a last look at Amazon's business before the start of the holiday shopping season, the busiest time of year for the retail industry.
"As we get into the holiday season, we're excited about what we have in store for customers," said Andy Jassy, Amazon's president and CEO. "We kicked off the holiday season with our biggest-ever Prime Big Deal Days and the launch of an all-new Kindle lineup that is significantly outperforming our expectations; and there's so much more coming."
The company said it expects revenue for the fourth quarter to be between $181.5 billion and $188.5 billion, compared with the $186.29 billion forecast by analysts.
The better-than-expected earnings come after Amazon missed revenue estimates last quarter,.
Amazon reported its core online retail business pulled in $61.41 billion in revenue this in the third quarter. Those figures include sales from the company's popular Prime Day shopping event held in July. Though Amazon does not disclose how much revenue comes from the 48-hour shopping bonanza, it said this year's event resulted... Read More