New York.- E-commerce giant Amazon earned $23.916 billion between January and June of this year, 141% more than in the same half of 2023, but issued a weaker-than-expected forecast.
In a statement released Thursday, the US technology company said its total revenue in the latest six months was $291.29 billion, up 11% year-on-year.
“We continue to make progress in several dimensions, but perhaps none more so than the continued acceleration of growth in Amazon Web Services (AWS, its cloud computing division),” he claimed today Amazon Chairman and CEO Andy Jassy.
Between March and June, the data that Wall Street pays most attention to, the company’s profit was 13.485 billion dollars, a rise of 99.77% and turnover increased by 10.11% to 147.977 billion.
North American e-commerce sales grew 9% to 90,033 millions; those of the rest of the world by 6.6%, up to 31,663 million, and those of AWS by 18.70%, up to 26,281 million.
The company expects third-quarter operating income to be in the range of $11.5 billion to $15 billion, compared with $11.2 billion in the previous quarter. Dollars from the same period of the previous year.
However, StreetAccount forecasts third-quarter operating income of $15.3 billion, according to CNBC. Amazon, in its core retail business, is faces to Chinese businesses, such as Temu and Shein, which offer increasingly competitive discounts.
Amazon shares fell by more than 6% after the release of its results, but so far this year the company has managed to rise by more than 20%.
