Amazon shares jumped after the company reported better-than-expected earnings. Sales increased 7% to $121.2 billion in the second quarter, better than Wall Street’s estimate for $119.3 billion, and above the high end of the company’s guidance range of $116 billion to $121 million. The company said Thursday that adjusted for a $3.6 billion headwind for unfavorable foreign exchange rates, sales would have been up 10% in the quarter. Read More...
Amazon shares jumped after the company reported better-than-expected earnings. Sales increased 7% to $121.2 billion in the second quarter, better than Wall Street’s estimate for $119.3 billion, and above the high end of the company’s guidance range of $116 billion to $121 million. The company said Thursday that adjusted for a $3.6 billion headwind for unfavorable foreign exchange rates, sales would have been up 10% in the quarter.
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