Re:Amazon.com Announces Second Quarter Sales Up 20%
by JumpCrisscross on Thursday July 25, 2019 @06:54PM
(#20530635)
"Amazon.com Inc.'s record quarterly profit streak has ended, as the online retailer faced higher shipping costs, slowing growth from its cloud-computing business and a steeper loss in its overseas retail business.
The company’s second-quarter profit rose 3.6% from a year ago to $2.63 billion after more than doubling last quarter. It missed analysts’ consensus estimate. Amazon had posted its best-ever profit the previous four quarters."
The company’s second-quarter profit rose 3.6% from a year ago to $2.63 billion after more than doubling last quarter. It missed analysts’ consensus estimate. Amazon had posted its best-ever profit the previous four quarters."
https://www.wsj.com/articles/amazons-streak-of-record-profit...