If you don't see an existing transcript of the event you're looking for, please upload or link to the audio you want to see in our library. Amazon.com, Inc. (symbol AMZN) reported a fantastic second quarter on July 30, boosted by coronavirus buying. AMZN doubled their profits to $5.2 billion. Amazon.com Q2 20 Earnings Conference Call At 5:30 PM ET By RTTNews Staff Writer | Published: 7/30/2020 3:04 PM ET Amazon.com Inc. ( AMZN ) will host a conference call at 5:30 PM ET on July 30, 2020, to discuss Q2 20 earnings results. We want to hear from you.Sign up for free newsletters and get more CNBC delivered to your inboxGet this delivered to your inbox, and more info about our products and services.
Amazon today reported earnings for its second fiscal quarter of 2020, including revenue up 40% to $88.9 billion, net income of $5.2 billion, and earnings per share of …
Amazon reported a huge beat across the board for its second quarter earnings on Thursday, driven by strong COVID-related demand.. Amazon stock was up by as much as 6% in after-hours trading. "This was another highly unusual quarter, and I couldn't be more proud of and grateful to our employees around the globe," Amazon CEO Jeff Bezos said in a statement. Request a transcript. Read the transcript of their earnings conference call here. Shares are up 4.8% in Thursday's after-hours trading session, as … "As online orders continue to roll in, the company faces another challenge inside its warehouses. Amazon said online grocery sales tripled year-over-year in the second quarter and it increased grocery delivery capacity by more than 160%. as sales soared to record highs in April and June. Data is a real-time snapshot *Data is delayed at least 15 minutes. Investors will look closely at how these trends are affecting the company when Amazon reports earnings after the market close on July 30 for Q2 FY 2020… Amazon said it expects to spend more than $2 billion during the third quarter on additional coronavirus-related measures, including procuring personal protective equipment, deep cleaning its facilities and wage increases for employees, among other things. as sales soared to record highs in April and June. 05:30 PM ET
Analysts on average had predicted earnings …
The company expects second-quarter net sales between $75 billion and $81 billion. Amazon reported sales of $88.9 billion, up 40% from $63.4 billion a year prior and well ahead of Amazon’s prediction of $75 billion to $81 billion. AMZN doubled their profits to $5.2 billion. Amazon continues to … Amazon was also able to "ship a lot more," Olsavsky said. Amazon's cloud-computing unit, Amazon Web Services, Amazon's "other" category, which is primarily made up of its advertising business, generated $4.22 billion in revenue, up 41% year over year. Amazon has a “high class problem” of increased customer demand. The company's one- and two-day delivery services were hampered with delays, marking a rare disruption in its normally speedy shipping operations.
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"We've got our hands full on that challenge, but we've got a really good team that's been working very hard probably since late February on this issue. Q2 2020 Amazon.com, Inc. Earnings Conference Call. Still, demand continues to skyrocket, while Prime subscribers have been shopping more often and buying more products with each order, he added.Amazon is focused on making more room in its fulfillment centers as it prepares to head into the peak holiday shopping season in November. Last quarter, Amazon For the third quarter, Amazon said it expects net sales to come in between $87 billion and $93 billion, representing year-over-year growth between 24% and 33%. Amazon reported its second-quarter results after the closing bell on Thursday, trouncing earnings expectations and reporting double-digit revenue growth year over year. Global Business and Financial News, Stock Quotes, and Market Data and Analysis.Amazon beats, reports revenue of nearly $89 billion Shares are down 4.2% after hours to $2,370.30 after Amazon, which was dealing with a high bar going into earnings, delivered mixed Q1 …
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