Amazon billed more than 121 billion dollars in the second quarter, an increase of 7% over the same period last year, the firm announced Thursday, exceeding market expectations.
Shares of the US e-commerce giant soared more than 10% in off-hours electronic trading on Wall Street.
The result is a balm for the market, after some disappointing results from companies in the technology sector.
Amazon, however, registered a net loss of two billion dollars in the period considered, due to the poor results of its investments in the electric car manufacturer Rivian, which cost it three thousand 900 million dollars.
“Despite the inflation that pushed up the price of gasoline, energy and transportation, we improved on more controllable costs (…), in particular improving productivity in our network of logistics centers,” said Andy Jassy, CEO of Amazon, in a statement.
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