Business

Amazon’s Push Towards a $1 Trillion Valuation

https://www.theverge.com/2018/7/26/17619476/amazon-q2-2018-earnings-1-trillion-market-valuation

Amazon.com 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.

Click here to read more.  

To Top