( ) -q-23- UNDATED (Correspondent Jeremy House) “$148.67-billion.” Amazon has reported a boost in its quarterly profits, but the company missed revenue estimates. [CutID: <Cuts> AMAZON-PROFITS-house-q-FRIam.mp3 Time: 23s Title: AMAZON-PROFITS-house-q-FRIam Out-cue: $148.67-billion] TAG: Correspondent Jeremy House reporting. Sales for Amazon Web Services, the company’s prominent cloud computing unit, saw a 19% jump in revenue compared […]
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Amazon reports boost in quarterly profits but misses revenue estimates
( ) -q-23- UNDATED (Correspondent Jeremy House) “$148.67-billion.”
Amazon has reported a boost in its quarterly profits, but the company missed revenue estimates.
[CutID: <Cuts> AMAZON-PROFITS-house-q-FRIam.mp3
Time: 23s
Title: AMAZON-PROFITS-house-q-FRIam
Out-cue: $148.67-billion]
TAG: Correspondent Jeremy House reporting. Sales for Amazon Web Services, the company’s prominent cloud computing unit, saw a 19% jump in revenue compared to the same period last year. Meanwhile, revenue for the company’s core e-commerce business grew by 5%.
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VERBATIM: The Seattle-based tech company says it earned $13.5 billion for the April-to-June period. That was higher than the $10.99 billion industry analysts surveyed by FactSet had anticipated. But the company posted a revenue of $148 billion, which slightly missed estimates by analysts who expected $148.67 billion.