Thursday, July 29, 2021

Amazon quarterly profit jumps but shares slide

Amazon's second-quarter profit jumped 48% from a year ago to $7.8 billion. Its total revenues increased 27% to $113.1 billion, but it was below most Wall Street forecasts. Amazon's rivals Facebook, Apple, Microsoft and Google parent Alphabet all reported higher revenues and profits.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/3fcCygj

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