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Amazon Earnings Beat But Revenue Outlook Falls Short

Published 07/29/2021, 04:06 PM
Updated 07/29/2021, 04:06 PM
© Reuters. Amazon.com Earnings Beat, Revenue Misses In Q2

By Yasin Ebrahim

Investing.com - 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.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

add to that Bezos giving away 100 million dollar prizes like candy. We all know it comes out of Amazon in the end.
who gives a *******about revenue. earnings is what matters
Dropped prime service and no longer use since the parler fiasco. Not a good decision for business.
Funny. Had they kept parler, millions would have dropped prime. Keep counting those votes buddy.
Seems like 1like for justin is done by himself or By Trump 😂
Same here....We'll bring Trump back to make these commies cry !
yuosef noori
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