Amazon’s Push Towards a $1 Trillion Valuation today announced financial results for its second quarter ended June 30, 2018. It reported earnings per share of $5.07, more than double of analysts’ estimation of $2.50.

That equalizes to a quarterly profit of $2.5 billion, Amazon’s highest ever and an astonishing 1,200% increase from this time last year, when the company posted a profit of only $197 million.

This is the third consecutive quarter Amazon has posted profit of more than $1 billion, and the first time it has ever broken $2 billion.

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