Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, US, on Tuesday, Oct. 5, 2021.
David Ryder | Bloomberg | Getty Images
Amazon shares climbed more than 10% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook.
- EPS: Loss of 20 cents
- Revenue: $121.23 billion vs. $119.09 billion expected, according to Refinitiv
Here’s how other key Amazon segments did during the quarter:
- Amazon WebServices: $19.7 billion vs. $19.56 billion, according to StreetAccount
- Advertising: $8.76 billion vs. $8.65 billion, according to StreetAccount
Revenue growth of 7% in the second quarter topped estimates, bucking the trend among its tech peers, which have all reported disappointing results.
Amazon said it expects to post third-quarter revenue between $125 billion and $130 billion, representing growth of 13% to 17%. Analysts were expecting sales of $126.4 billion, according to Refinitiv.