SEATTLE (AP) — SEATTLE (AP) — Amazon.com Inc. (AMZN) on Thursday reported second-quarter net income of $62.65 billion.
The Seattle-based company said it had net income of $5.75 per share. Earnings, adjusted for non-recurring gains, came to $1.88 per share.
The results exceeded Wall Street expectations. The average estimate of 13 analysts surveyed by Zacks Investment Research was for earnings of $1.83 per share.
The online retailer posted revenue of $200.61 billion in the period, which also beat Street forecasts. Twelve analysts surveyed by Zacks expected $197.11 billion.
For the current quarter ending in September, Amazon said it expects revenue in the range of $197 billion to $202 billion.
Amazon shares have climbed slightly more than 2% since the beginning of the year, while the S&P’s 500 index has climbed almost 9%. In the final minutes of trading on Thursday, shares hit $236.13, a climb of roughly 3% in the last 12 months.
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