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CEO NA Magazine > News > Amazon’s booming profits cause stock to rise

Amazon’s booming profits cause stock to rise

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Amazon’s booming profits cause stock to rise
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News of technology giant Amazon’s strong second quarter caused the company’s stock to rise 10% during after hours trading Thursday.

The numbers show that Amazon’s sales grew 11% to $134.4 billion in Q2, $3 billion more than market analysts’ predictions.

The company also reportedly brought in $6.7 in net income in Q2 compared to its net loss of $2 billion in 2022’s Q2.

Amazon’s stock has surged 52% year-to-date.

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