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Amazon Earnings Beat But Revenue Outlook Falls Short


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Amazon Earnings Beat But Revenue Outlook Falls Short

Amazon (NASDAQ:AMZN) reported Thursday softer third-quarter revenue guidance and mixed second-quarter results as earnings beat, but revenue fell short of expectations.

Amazon.com announced earnings per share of $15.12 on revenue of $113.1 billion. Analysts polled by Investing.com anticipated EPS of $12.24 on revenue of $115.33 billion.

Net sales in North America rose to $67.55 billion from $55.44 billion in the the prior-year period.

Amazon Web Services, its fast-growing cloud revenue segment, grew revenue to $14.81 billion from $10.81 billion.

Looking ahead to Q3, Amazon guided sales between $106 billion and $112 billion, representing growth of 10% to 16% compared to the same period last year, missing analysts estimates for third-quarter revenue of $119.02 billion.

Operating income is expected to be between $2.5 billion and $6.0 billion, compared with $6.2 billion in third quarter 2020.

By Yasin Ebrahim, 30 July 2021. Investing.com

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