Amazon reports solid 2Q results despite Trump tariffs
In July, Amazon released the second -fiscal second quarter profit and sales, underlining its flexibility despite its four -day sales activity and despite the uncertainty of tariff.
The Seattle -based company presented a sales view for the current quarter that defeated analysts’ projections on Thursday.
Nevertheless, the stock fell 3.0 percent in the post -market transaction.
The company also reported 17.5 percent growth for the important cloud information handle Amazon web services.
The results are even because US President Donald Trump’s tariffs challenge companies and consumers. However, Amazon and other major retailers tried to defeat the time by bringing foreign goods before Trump’s tariffs entered into force. Like many other major retailer, Amazon has influence to negotiate prices with suppliers.
Meanwhile, Amazon is one of the largest players in the race around productive artificial intelligence.
Like other technology companies, it has increased investments in technology and spends billions to expand data centers that strengthen AI and cloud information. The company also invests in its own computer chips and developed by NVIDIA. He also integrated his own AI models and productive artificial intelligence into other parts of his business.
In March, Amazon began testing a dubbing with AI for distinguished films and shows offered in the main flow service. A month ago, the company launched its productive-ai infusion Alexa.
Company CEO Andy Jassy predicts that the manufacturer AI will allow Amazon to reduce the corporate labor in the next few years.
Amazon won $ 18.16 billion ($ A28.21 billion) or $ 1.68 per share ($ A2.61) per share for the quarter ending on June 30th.
The income rose from $ 147.9 billion ($ 229.8 billion) a year ago to $ 167.7 billion (A260.5 billion).
The company’s sales helped Amazon’s main activity due to price concerns about tariff. For the first time, Amazon organized Prime Day for four days instead of two days.
According to Factset, analysts expected US $ 162.19 billion ($ A251.97 billion) for a quarter of a quarter.
The company expects sales between $ 174 billion (A270 billion) and 179.5 billion US dollars (A278.9 billion) for the current quarter. According to Factset, analysts were waiting for $ 173.27 billion ($ 269.18 billion) for the current quarter.
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