US EditionAmazon reports sales growth of 11% and issues optimistic guidance
- Amazon is expected to report second-quarter earnings with analysts predicting earnings of 35 cents per share and revenue of $131.5 billion. The growth rate of Amazon Web Services is slowing down, with analysts anticipating a 10% growth for the second quarter.
- Investors will focus on profit margins and the performance of AWS, as well as the company's efforts in artificial intelligence. The results will indicate if Amazon's cost-cutting efforts are yielding positive results and if the retail business is experiencing improving margins.
11 Articles
11 Articles
Amazon reports better-than-expected revenue and profits for 2Q, sending its stocks higher
NEW YORK (AP) — Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. The e-commerce giant earned $6.7 billion, or 65 cents per share, for the three-month period ended June 30, much higher the $3.64 billion industry analysts surveyed by FactSet had anticipated. Amazon had reported a loss during the same period last year, driven by a big loss on its investment…
Amazon reports better-than-expected revenue and profits for 2Q, sending its stock higher
Amazon on Thursday posted better-than-expected revenue and profits for the second quarter, sending its stock higher in after-hours trading. The e-commerce giant earned $6.7 billion, or 65 cents per share, for the three-month period ended June 30, much higher the $3.64 billion industry analysts surveyed by FactSet had anticipated. Amazon had reported a loss during the same period last year, driven by a big loss on its investment in electric vehic…
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