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Amazon: 2Q Earnings Snapshot

July 25, 2019

SEATTLE (AP) _ Amazon.com Inc. (AMZN) on Thursday reported second-quarter earnings of $2.63 billion.

The Seattle-based company said it had profit of $5.22 per share.

The results did not meet Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $5.29 per share.

The online retailer posted revenue of $63.4 billion in the period, beating Street forecasts. Fourteen analysts surveyed by Zacks expected $62.57 billion.

For the current quarter ending in October, Amazon said it expects revenue in the range of $66 billion to $70 billion. Analysts surveyed by Zacks had expected revenue of $67.22 billion.

Amazon shares have risen 32% since the beginning of the year, while the Standard & Poor’s 500 index has climbed 20%. In the final minutes of trading on Thursday, shares hit $1,986.06, a climb of roughly 7% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at https://www.zacks.com/ap/AMZN

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