Another strong Amazon quarter moves it closer to becoming first $1 trillion company

Again, it was Amazon’s cloud computing arm and advertising business that helped it to yet another strong quarter. Earnings per share were $5.07, smashing analysts' estimations of $2.50. That meant quarterly profit was a record $2.5 billion, marking an incredible 1286 percent YoY increase—Amazon’s profit was ‘only’ $197 million in Q2 2017.





from TechSpot https://ift.tt/2AcsEth