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.
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