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AMZN
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19 days

Amazon's Earnings Top Expectations as Online Sales, AWS Deliver Strong Growth

1. AMZN's Q2 revenue reached $167.7 billion, up 13% year-over-year. 2. Net income was $18.2 billion, exceeding analyst expectations significantly. 3. AWS revenue grew 18% to $30.9 billion, driven by AI demand. 4. CEO Jassy emphasizes AI's transformative potential for customer experience. 5. Q3 revenue forecast is promising, ranging from $174 to $179.5 billion.

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FAQ

Why Bullish?

Strong revenue and income growth signals operational strength, although after-hours decline raises caution.

How important is it?

Revenue growth and AWS expansion highlight AMZN's strength and future potential.

Why Short Term?

Positive earnings will likely reflect on upcoming stock performance, aided by AI growth.

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