Amazon.com, Inc. (NASDAQ: AMZN) reported second quarter 2021 earnings results today.
Net sales increased 27% year-over-year to $113.1 billion.
Net income amounted to $7.8 billion, or $15.12 per share, compared to $5.2 billion, or $10.30 per share, in the same period a year ago.
For the third quarter of 2021, the company expects net sales to grow 10-16% to a range of $106-112 billion.
While earnings beat market estimates, revenue fell short of expectations. The outlook too was lower than what analysts had estimated. Shares fell 5% in aftermarket trade.
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