SEATTLE (AP) — SEATTLE (AP) — Amazon.com Inc. (AMZN) on Thursday reported second-quarter earnings of $18.16 billion.
The Seattle-based company said it had profit of $1.68 per share.
The results beat Wall Street expectations. The average estimate of 16 analysts surveyed by Zacks Investment Research was for earnings of $1.33 per share.
The online retailer posted revenue of $167.7 billion in the period, also beating Street forecasts. Sixteen analysts surveyed by Zacks expected $162.31 billion.
For the current quarter ending in September, Amazon said it expects revenue in the range of $174 billion to $179.5 billion.
Amazon shares have climbed nearly 7% since the beginning of the year, while the S&P's 500 index has climbed almost 8%. In the final minutes of trading on Thursday, shares hit $233.87, a climb of 25% 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 https://www.zacks.com/ap/AMZN
/Cisco%20Systems%2C%20Inc_%20magnified%20logo-by%20Pavel%20Kapysh%20via%20Shutterstock.jpg)
/NVIDIA%20Corp%20logo%20on%20phone%20and%20AI%20chip-by%20Below%20the%20Sky%20via%20Shutterstock.jpg)