News You Might Have Missed: Week of July 27th, 2018

on July 27, 2018
Reading Time: 4 minutes

Amazon’s 2Q Earnings

Net sales increased 39% to $52.9 billion in the second quarter, compared with $38.0 billion in second quarter 2017. Excluding the $760 million favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 37% compared with the second quarter of 2017.

Operating income increased to $3.0 billion in the second quarter, compared with operating income of $628 million in the second quarter 2017.

Net income increased to $2.5 billion in the second quarter, or $5.07 per diluted share, compared with net income of $197 million, or $0.40 per diluted share, in second quarter 2017.

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