Investing.com - Amazon.com (NASDAQ:AMZN) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Amazon.com announced earnings per share of $10.3 on revenue of $88.91B. Analysts polled by Investing.com anticipated EPS of $1.38 on revenue of $81.09B.
Amazon.com shares are up 65% from the beginning of the year and are trading at $3,190.00 , down-from-52-week-high.They are outperforming the Nasdaq which is up 18% from the start of the year.
Amazon.com shares gained 4.56% in after-hours trade the report.
Amazon.com follows other major Services sector earnings this month
Amazon.com's report follows an earnings beat by Visa A on Tuesday, who reported EPS of $1.06 on revenue of $4.84B, compared to forecasts EPS of $1.03 on revenue of $4.82B.
Verizon had beat expectations on Friday, July 24, 2020 with second quarter EPS of $1.18 on revenue of $30.45B, compared to forecast for EPS of $1.15 on revenue of $29.92B.
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