Amazon's Mixed Q2 Results and Cloud Growth Highlight Earnings Uncertainty
TL;DR Summary
Amazon's Q2 earnings surpassed expectations with a 33% increase in adjusted earnings per share and a 13% rise in sales, driven by strong cloud computing growth, yet its stock fell over 4% after the report due to a cautious outlook for the upcoming quarter, despite a year-to-date gain of 7%.
- Amazon Stock Falls Despite Earnings Beat. Tech Giant Offers Mixed Outlook. Investor's Business Daily
- Amazon's cloud business records 18% growth in second quarter CNBC
- Amazon Projects Profit That Underwhelms on Expense of AI Race (AMZN) Bloomberg.com
- Amazon projects quarterly revenue above market estimates Reuters
- Amazon earnings are minutes away — and AWS growth could shine MarketWatch
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