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Amazon's second-quarter results beat expectations, shares rose more than 10% on Friday

  • joy
  • 2022-07-31 05:01:55
  • 220 read
At the close on Friday, Amazon shares rose 10.36% to $134.95.After the market closed on Thursday, Amazon released...

At the close on Friday, Amazon shares rose 10.36% to $134.95.

After the market closed on Thursday, Amazon released its second-quarter earnings report. Amazon's second-quarter net sales exceeded Wall Street analysts' previous expectations, but the diluted loss per share was worse than expected.

The report shows that Amazon’s net sales in the second quarter were $121.234 billion, an increase of 7% compared with $113.080 billion in the same period last year, and a 10% year-on-year increase excluding the impact of exchange rate changes; a net loss of $2.028 billion, compared with the same period last year. Net income for the same period last year was $7.778 billion; diluted loss per share was $0.20, compared with earnings per diluted share of $0.76 for the same period last year.


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