Amazon (AMZN) reported better-than-expected revenue and cloud growth for the second quarter. AWS sales expanded 37% year over year, surpassing analysts' expectations for 31% growth.
The stock surged more than 9% in extended trading. Here's how the company performed compared to estimates from analysts:
- Earnings per share: $5.75 a share, compared to the expected $1.82.
- Revenue: $200.61 billion vs. $196.47 billion estimated.
Amazon CEO Andy Jassy stated that AWS is 'booming' and highlighted the growth of its artificial intelligence and in-house chip divisions, both exceeding a $25 billion annual revenue run rate.
Amazon also reported that it more than doubled the number of new customers for its online pharmacy service.
