Amazon.com Inc. showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Moneyweb Amazon Sales
Amazon.com Inc. showed its e-commerce and cloud-computing businesses can churn out revenue even as consumers worry about inflation and the company gets serious about curtailing expenses. Amazon reported second-quarter sales Thursday that topped analysts’ estimates and gave a revenue forecast for as much as 17% growth in the current period.
72 billion, reversing three straight quarters of slowing growth. What Bloomberg Intelligence Says: “Better-than-expected 2Q results and upbeat 3Q sales guidance shows Amazon is better positioned to weather inflationary pressures and benefits from a more-affluent customer. That’s contrary to Walmart, which is seeing consumers shift to lower-margin categories.” — Poonam Goyal, BI senior retail industry analyst Click here to read the research.
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