Amazon beats quarterly estimates, posts $23 billion in revenue
Amazon posted their Q2 earnings for 2015, and the internet retail giant smashed analyst estimates. The company pulled in $23.18 billion in revenue with a profit of 19 cents per share, which is significantly better than their estimated 14 cent loss per share. Amazon’s share prices obviously soared, and ended up well above $500 per share.
Amazon’s operating expenses were still as high as ever, chewing up almost all of their revenue for the quarter. At this point, that’s pretty typical for Amazon, but it did help that the company’s web services grew about 81% from last year, bringing in $1.82 billion. That’s still a small part of Amazon as a whole, but it’s a quickly growing portion of their business.
North America still accounts for Amazon’s biggest source of revenue, growing 26% this year, compared to international growth of just 3% year-over-year.
Amazon is projected net sales of between $23.5 and $25.5 billion next quarter, and between a $480 million loss and a $70 million profit.
source: Amazon
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