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Amazon had a strong second quarter. Profit and revenue increased compared to last year. Amazon Web Services also grew.
Amazon reported its second quarter earnings on Thursday afternoon, with the company bringing in nearly $168 billion and ...
AWS continues to build a multi-billion-dollar business, with more demand than we have supply for at the moment.” ...
Three months after outperforming Q1 earnings expectations with a record $3.6 billion net income, Amazon saw net income drop to $2.6 billion, putting an end to a record profit streak of four ...
Amazon doubled its net income in the second quarter of 2024 to $13.5 billion, which it attributed largely to growth in its cloud-based Amazon Web Services (AWS).
The company is currently at a 5% net income margin, and it'd need to grow that past 15%. That's tough when, for example, stores like Amazon, can't easily grow margins to double-digits.
Net income is included later on in the financial statements, but investors should find it and take notice of it. In the third quarter, net income increased from $9.9 billion in 2023 to $15.3 ...
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