Amazon Quarterly Profit Jumps But Shares Slide
Muhammad Irfan 2 months ago Fri 30th July 2021 | 02:10 AM
San Francisco, (UrduPoint / Pakistan Point News - 30th Jul, 2021 ) :Amazon said Thursday second-quarter profit jumped 48 percent from a year ago to $7.8 billion, but shares in the tech and e-commerce giant fell on a disappointing revenue number.
Total revenues increased 27 percent to $113.
1 billion, below most Wall Street forecasts, sparking a slide of some five percent in after-hours trading.
Andy Jassy, who took over as chief executive earlier this month from Jeff Bezos, said Amazon remained focused on delivering goods and services for consumers during the pandemic.