Amazon earnings: $1.78 per share, vs expected EPS of $1.11
Publishing timestamp: 2016-07-28 21:42:28
Summary
Amazon shares rose after posting strong earnings, beating Wall Street's forecasts. The company reported its fifth-straight period of profitability, with increased revenue and operating income. Amazon is investing in lowering delivery costs, increasing online media offerings, and expanding internationally. Sales from Amazon Web Services also exceeded expectations. The company expects strong sales in the third quarter despite investments in new fulfillment centers.
Sentiment: POSITIVE
Tickers: AMZN,
Keywords: earnings, amazon.com inc, business news, retail industry, enterprise, technology,
Source: https://www.cnbc.com/2016/07/28/amazon-reporting-second-quarter-earnings.html