Categories AlphaGraphs, Earnings, Retail, Technology

AMZN Earnings: Key quarterly highlights from Amazon Q2 2020 financial results

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.

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Click here to access the transcript of Amazon Q2 2020 earnings conference call

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