Robert Parente, who served as Miami’s film czar from 2002-2010, died last week after a long battle with cardiac disease. He was 62.
A beloved industry figure, Parente did much to attract and retain filming in Miami, spanning assorted projects ranging from commercials to features and TV. In the latter arena, he was instrumental in the long run that Miami enjoyed with the filming of USA Network’s Burn Notice spy thriller series. He also had a hand in developing a production incentive program (which expired this year) as well as a unified film permitting system called FilMiami.
A life celebration ceremony will be held 4-8 p.m. today at the Van Orsdel chapel at 4600 SW Eighth St. Funeral services will be at 10 a.m. on Tuesday at Saints Peter and Paul Catholic Church, 900 SW 26th Rd.
He is survived by his mother and his four siblings.
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