Amazon reported its second-quarter earnings results on Thursday.- The ecommerce giant surpassed analysts' projections for earnings but missed on revenue.
- Amazon also issued third-quarter guidance, anticipating net sales of up to $112 billion.
Amazon on Thursday posted mixed second-quarter earnings, missing on Wall Street's revenue expectations despite the annual Prime Day shopping holiday falling in June this year.
Here are the key numbers:
- Revenue: $113.08 billion, versus an expected $115.20 billion
- Earnings per share (EPS): $15.12 compared to an expected $12.30 per share
After postponing Prime Day in 2020 due to the pandemic, the annual shopping holiday returned to mid-year, taking place over two days beginning June 21. Amazon said customers purchased more than 250 million items over the two-day span, with the latest Fire TV Stick the most popular item sold, the company said.
Amazon called this year's Prime Day "the biggest two-day period ever for small and medium-sized businesses" on its stores worldwide.
"We've seen AWS growth reaccelerate as more companies bring forward plans to transform their businesses and move to the cloud," CEO
Overall, sales were up 27% from $88.9 billion during the second quarter 2020. Profits rose to $7.8 billion, compared to $5.2 billion posted in the second quarter of last year.
Amazon also issued third-quarter guidance, saying it's anticipating between $106 billion and $112 billion in sales, an increase of between 10% and 16% compared with the third-quarter 2020.