Amazon posts second quarterly loss in a row but shares rise on strong earnings
Technology | The Guardian
Sales up 7% in three months to June marking one of slowest growth periods in company’s history but still better than expected
Amazon reported its second quarterly loss in a row on Thursday but the company’s share price gained over 10% in after-hours trading on stronger than expected earnings.
Sales for the three months ending in June increased by 7% to $121bn compared with $113.1bn in the second quarter of 2021. The increase marks one of the slowest growth periods for Amazon in its history but was better than expected.
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