• Tech and retail giant continues to ride pandemic boom
• Share price falls 5% in after-hours trading
Amazon’s sales topped $100bn for the third quarter in a row as its profits for the three months surged to $7.8bn.
The Seattle-based tech and online retail giant reported sales of $113bn for the three months between April and June – over $1.4bn a day. The figure was up from $88.9bn in the second quarter of 2020 but slightly lower than Wall Street had expected, and triggered a 5% slide in its share price in after-hours trading.
Continue reading…
• Tech and retail giant continues to ride pandemic boom
• Share price falls 5% in after-hours trading
Amazon’s sales topped $100bn for the third quarter in a row as its profits for the three months surged to $7.8bn.
The Seattle-based tech and online retail giant reported sales of $113bn for the three months between April and June – over $1.4bn a day. The figure was up from $88.9bn in the second quarter of 2020 but slightly lower than Wall Street had expected, and triggered a 5% slide in its share price in after-hours trading. Continue reading…Technology | The Guardian