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.

Past Performance

amazon Q1 2020 eanrings
amazon Q4 2019 earnings infographic

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

Most Popular

Disney (DIS): A look at the major winning points for its streaming business

Shares of the Walt Disney Company (NYSE: DIS) have been rallying since the entertainment leader delivered strong results for its third quarter of 2022 a day ago. The stock was

KSS Stock: After terminating sale talks, what awaits Kohl’s this year

Kohl’s Corporation (NYSE: KSS) has been on investors' radar ever since the retailer put itself up for sale earlier this year, after coming under pressure from activist investors. Putting an

Walt Disney Company (DIS) Q3 revenues, earnings beat Street view

Entertainment behemoth The Walt Disney Company (NYSE: DIS) on Wednesday reported higher revenues and earnings for the third quarter of 2022. The results also topped expectations. Third-quarter revenues of the Los

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top