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Amazon tops Q2 revenue estimates as AWS growth surges, shares rally
['Scott Kanowsky', 'Min Read']
Yahoo Finance - Business Finance, Stock Market, Quotes, News
Overall, group-wide revenue for the period stood at $200.6 billion, topping analysts' estimates of $196.16 billion.
Net income included $53.4 billion in non-operating pre-tax other income, primarily related to Amazon's investment in AI start-up Anthropic.
For the third quarter, Amazon forecast revenue of $197 billion to $202 billion, below analysts' consensus estimate of $203.9 billion.
The company expects operating income of $22.5 billion to $26.5 billion, compared with $17.4 billion a year earlier.
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