11:47 - 2.08.2024

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August 2, Fineko/abc.az. According to the balance sheet of e-commerce giant Amazon, company's earnings grew in the 2nd quarter of this year, but was below expectations.

ABC.AZ reports that Amazon's income for Q2 of this year increased by 10% compared with Q2 of 2023 up to $147.9 billion. Company's revenue for the 2023 same term amounted to $134.4 billion.

Amazon's revenue in the 2nd quarter fell below market expectations of $148.56 billion.

Company's net profit for this period totaled $13.5 billion. Amazon's net profit for Q2 of 2023 was $6.8 billion.

E-commerce giant's earnings per share, which stood at 65 cents in the 2nd quarter of 2023, rose to $1.26 in the 2nd quarter of this year.

Amazon's market expectations for earnings per share were reportedly $1.03.