Amazon jumps 11% after hours 🤯
Second quarter results beat on the top line, also gave upbeat guidance for the third quarter.
- EPS: Loss of 20 cents
- Revenue: $121.23 billion vs. $119.09 billion expected
Here’s how other key Amazon segments did during the quarter:
- Amazon Web Services: $19.7 billion vs. $19.56 billion expected, according to StreetAccount
- Advertising: $8.76 billion vs. $8.65 billion expected, according to StreetAccount
Operating expenses came in at $117.9bn, below expectations.
In addition, Amazon CFO Brian Olsavsky says they’re not seeing any decline in consumer spending, and Amazon had a strong June.
Investors are loving it!
I found a couple yesterday I nailed right at the bottom. Cool to see. No TA involved, I just buy strongest companies I own when they drop, bound to hit the bottom occassionally🤣
@nathanworden I know many would disagree; but all the greats I’ve read said 1) bottoms are impossible to time with ANY reliable accuracy, and 2) we should just add to our strongest positions that are down the farthest, or remain most under valued; therefore, providing the best returns during the recovery.