Amazon Reports Strong Q2 Earnings, Shares Rise Over 11%
Amazon (AMZN) surged more than 11% in premarket trading following the release of its second-quarter earnings report. The e-commerce and cloud computing giant reported a significant increase in sales to $200.6 billion, up 20%, with operating income rising by 43% year-over-year to $27.5 billion. The standout performance came from Amazon Web Services (AWS), which saw revenue grow by 37% to $42.2 billion in the quarter. The company also announced plans to increase its spending on artificial intelligence, signaling continued investment and growth ambitions across key areas of its business.
Tickers: $AMZN
Topics: AWS revenue earnings operating income revenue growth