Amazon Q2 Results Exceed Forecasts, AWS and Advertising Perform Strongly

  • Amazon’s Q2 results smash estimates, with EPS at 65 cents and revenue at $134.4 billion, driving its shares up over 10%.
  • Cost-cutting efforts under CEO Andy Jassy manifest in substantial profit, while AWS and Advertising revenues have exceeded projections.
  • Following successful Prime Day event, Amazon foresees Q3 sales between $138 billion and $143 billion, implying 9% – 13% growth.
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