Amazon.com released this Thursday (28) quarterly results that were better than expected by the market, driven by higher rates for the Prime subscription program and fees charged to sellers in its marketplace.
The company’s shares rose 7% after the markets closed.
The world’s largest online retail company had net revenue of $121.23 billion in the second quarter compared with analysts’ expectations of $119.09 billion on average, according to Refinitiv data.
Amazon projected net sales of between $125 billion and $130 billion for the third quarter, compared with an average market forecast of $126.42 billion, according to Refinitiv.
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I have over 8 years of experience in the news industry. I have worked for various news websites and have also written for a few news agencies. I mostly cover healthcare news, but I am also interested in other topics such as politics, business, and entertainment. In my free time, I enjoy writing fiction and spending time with my family and friends.
