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Amazon published its reports for the second quarter after the close of trading on Wall Street this evening – and surpassed the revenue forecast.
The online shopping giant recorded an adjusted loss of 20 cents per share, on revenues of $121.23 billion (a 7% increase compared to the corresponding period). Analysts expected revenue of $119.09 billion, and adjusted net income of $0.52. The stock jumps 11% in late trading.
The company announced that it expects revenues in the third quarter to be 125-130 billion dollars (an increase of 13%-17%). The average of analysts’ forecasts was 126.4 billion dollars.