Amazon posted strong financial results that nevertheless fell below expectations, the first sign that its streak of dominant results may be slowing
Amazon . com Inc. posted strong financial results that nevertheless fell below Wall Street expectations, the first sign that its streak of dominant financial results in the pandemic may be slowing.
Amazon reported second-quarter sales of $113.1 billion, slightly less than the $115.4 billion predicted by analysts polled by FactSet. Profit was $7.8 billion. The company said it expects sales of $106 billion to $112 billion for the current quarter and operating income between $2.5 billion and $6 billion.The e-commerce giant’s success in the pandemic comes as U.S.
Using its size and leverage, Amazon this year has looked to increase its foothold in non-retail industries, even as federal regulators circle the Seattle-based company and scrutinize its growth and business plans.
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