Amazon closes on second quarterand with revenues in increase of 7% at 121.2 billion dollars, above analysts’ expectations, and a loss of 2 billion. For the third quarter, the retail giant expects revenues of $ 125-130 billion, above market forecasts.
The findings push Amazon stocks to Wall Streetwhere after hours trading goes up 10%. “Despite inflationary pressures in energy and transportation costs, we are making progress on more controllable costs. We are also seeing an acceleration in revenues as we continue to make Prime better for our customers by investing in speed of delivery and increasing benefits, “he says Andy Jassythe CEO of Amazon.