Amazon last Thursday, August 1, released information about the financial results of its operations in the second quarter of the current year.
The mentioned results turned out to be worse than the preliminary expectations for the dynamic of the corresponding indicators. Against the background of disappointing data, shares of the e-commerce giant, which has already become one of the largest players in the technology sector and has been the owner of the best American delivery service for a long time, fell by 6% during extended trading.
Amazon’s revenue for April-June of the current year was fixed at $147.98 billion. This indicator increased by 10% compared to the result recorded in the second quarter of 2023. It is worth noting that the LSEG consensus forecast provided that the revenue of the e-commerce giant for April-June of the current year would amount to $ 148.56 billion.
Earnings per share were fixed at $1.26. The LSEG consensus forecast provided that this figure would be $1.03.
Amazon Web Services revenue for April-June of the current year was fixed at $26.3 billion. It is worth noting that in this case, the result exceeded the preliminary expectations. The LSEG consensus forecast provided that the corresponding figure would be $26 billion.
The advertising activities of the e-commerce giant for April-June of the current year generated revenue of $12.8 billion. The LSEG consensus forecast envisaged that this figure would be fixed at $13 billion.
Amazon expects its revenue for the third quarter of the current year to range from $154 billion to $158.5 billion. The mentioned figures are 8-11% higher than the result for July-September 2023. LSEG’s forecast envisages that Amazon’s revenue in the third quarter of 2024 will amount to $158.24 billion.
