E-commerce giant Amazon Inc. (NASDAQ: AMZN) reported Q2 2020 earnings results today.
Net sales increased 40% to $88.9 billion.
Net income rose to $5.2 billion, or $10.30 per share, from $2.6 billion, or $5.22 per share, in the same period last year.
Also read: Amazon is headed for a busy second half
For the third quarter of 2020, net sales are expected to be between $87 billion and $93 billion, reflecting a growth of 24-33% from the prior-year period.
At the tech-antitrust congressional hearing that took place on Wednesday, Amazon CEO Jeff Bezos responded vaguely to a question on the use of seller data in making business decisions. Bezos attended the hearing along with the leaders of the other FAANG stocks.
Box Inc. (NYSE: BOX) reported fourth quarter 2021 earnings results today. Revenues rose 8% year-over-year to $198.9 million. GAAP net loss was $4.9 million, or $0.03 per share, compared to
Technology firm Hewlett Packard Enterprise Company (NYSE: HPE) reported higher earnings for the first quarter of 2021, despite a decrease in revenues. The numbers surpassed the consensus forecast. First-quarter earnings,
MercadoLibre Inc. (NASDAQ: MELI) is one of the stocks that benefited from the COVID-19 pandemic. The Argentine ecommerce company has caught the attention of market experts as it garnered growth