Amazon announces a profit of over $ 2 billion for the first time



[ad_1]

יוני, 12:28

Author:


Alex Ciutacu

Amazon's quarterly profit exceeded $ 2 billion for the first time in the history of the company, in a race deemed impressive by investors and spurred by the steady growth of premium segment, cloud and advertising. Amazon announced Thursday that it had posted a profit of $ 2.5 billion for the quarter ended in June, an impressive increase over its reported profit of $ 197 million in the same period last year. last year.

19659003] Thus, Amazon records a third consecutive quarter that exceeds $ 1 billion, a trend appreciated by a company known for massive investments that have sometimes even losses.

"The profitability trajectory seems to be accelerating faster than expected," says Daniel Ives, an analyst at GBH Insights.

Investor enthusiasm was stifled by sales below expectations. Amazon sales reached $ 52.9 billion this quarter, an increase of 39% over the same period last year, but below Wall Street expectations.

[ad_2]
Source link