AMZN Earnings: All you need to know about Amazon’s Q2 2022 earnings results

Amazon.com, Inc. (NASDAQ: AMZN) reported second quarter 2022 earnings results today.

Net sales increased 7% year-over-year to $121.2 billion.  

The company reported a net loss of $2 billion, or $0.20 per share, compared to a net income of $7.8 billion, or $0.76 per share, in the prior-year period. This quarter’s results include a pre-tax valuation loss of $3.9 billion associated with the company’s investment in Rivian Automotive.

For the third quarter of 2022, net sales are expected to range between $125-130 billion, representing a year-over-year growth of 13-17%.

The top line beat market estimates sending the stock soaring over 12% in after-market hours on Thursday.

Prior performance