Amazon Online Retail Sales Surged 11% In Second Quarter, Ahead Of Amazon Prime Day
1. Amazon online store sales grew 11% in Q2, exceeding expectations. 2. Total net revenues reached $167.7 billion, with income up 35%. 3. Modest Q3 earnings guidance spurred an 8% drop in shares. 4. AWS grew 17% but lagged behind Microsoft and Google. 5. Prime Day signups broke records, indicating strong future sales.