SEATTLE – Amazon.com Inc. (AMZN) on Thursday reported second-quarter profit of $857 million.
The Seattle-based company said it had profit of $1.78 per share.
The results beat Wall Street expectations. The average estimate of 14 analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share.
The online retailer posted revenue of $30.4 billion in the period, which also beat Street forecasts. Eleven analysts surveyed by Zacks expected $29.73 billion.
For the current quarter ending in October, Amazon said it expects revenue in the range of $31 billion to $33.5 billion. Analysts surveyed by Zacks had expected revenue of $31.62 billion.
Amazon shares have increased 11 per cent since the beginning of the year, while the Standard & Poor’s 500 index has risen slightly more than 6 per cent. In the final minutes of trading on Thursday, shares hit $752.49, a climb of 43 per cent in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on AMZN at http://www.zacks.com/ap/AMZN
Keywords: Amazon, Earnings Report, Priority Earnings