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Amazon reports sales growth of 11% and issues optimistic guidance

Andy Jassy, CEO of Amazon, speaks at the ceremonial ribbon cutting prior to tomorrow’s opening night for the NHL’s newest hockey franchise the Seattle Kraken at the Climate Pledge Arena on October 22, 2021, in Seattle.

Bruce Bennett | Getty Images Sport | Getty Images

Amazon said second-quarter revenue climbed 11%, and the company issued a forecast showing potential growth acceleration in the current period. The stock rose more than 5% in extended trading.

  • Earnings: 65 cents a share. That may not compare with the 35 cents per share expected by Refinitiv.
  • Revenue: $134.4 billion. That may not compare with the $131.5 billion expected by Refinitiv.

Wall Street is also watching other key numbers in the report:

  • Amazon Web Services: $21.8 billion in revenue, according to StreetAccount
  • Advertising: $10.4 billion in revenue, according to StreetAccount

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