Business

This chart shows how, in 2018, Amazon broke through one of the oldest barriers

This chart shows how, in 2018, Amazon broke through one of the oldest barriers 5b5b4caa8f28351f008b47bc 1920 9601532975722 960x480

This chart shows how, in 2018, Amazon broke through one of the oldest barriers holding back its business (AMZN)

Amazon exceeded Wall Street expectations Thursday when it reported a record-breaking $2.5 billion second-quarter profit. As a result, the company’s stock rose four percent in after-hours trading.

While the company’s net sales of $52 billion were below analyst’s projections, the big story was Amazon’s surprising profit.

Driven by the AWS cloud business and its high-margin advertising business, Amazon’s $2.5 billion net income in Q2 was more than ten times the level in the same period last year.This chart shows how, in 2018, Amazon broke through one of the oldest barriers Xw4G7I4RUvo

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