US EditionAmazon Profits Surge 35% but Forecast Sinks Share Price
- Amazon reported $167.7 billion in net sales and earnings of $1.68 per share, exceeding analyst estimates.
- Despite strong earnings, Amazon's stock fell 7% after hours due to a disappointing profit outlook for the third quarter.
- Competition in satellite internet primarily involves Amazon's Project Kuiper and Musk's Starlink.
- Alexa+ has received positive feedback for its capabilities, with early customer responses being very positive.
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Amazon had warned that it was planning to invest more than $100 billion in the "cloud" and AI.
·Montreal, Canada
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Amazon announced on Thursday that it had made 18.2 billion net profits in the second quarter, a 35 per cent jump over a year, which the US e-commerce giant has attributed to its investments in artificial intelligence (AI). ...
·Brussels, Belgium
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The US e-commerce giant Amazon announced on Thursday that it had released $18.2 billion in net profit in the second quarter, a 35 per cent jump over a year, which the group has allocated to its d的IA tools for consumers and businesses.
·Montreal, Canada
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Total News Sources45
Leaning Left10Leaning Right3Center12Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 40%
C 48%
12%
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