Amazon.com Inc (NASDAQ:AMZN) announced its second-quarter earnings late Thursday, surpassing analyst estimates on earnings but falling short on revenue.
The e-commerce titan reported earnings of US$5.07 per share on revenue of US$52.89bn compared with US$0.40 EPS on revenue of US$37.96bn in the previous year’s second quarter.
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The Seattle-based company beat Wall Street estimates of US$2.50 EPS but missed on revenue expectations of $53.41bn.
It was an eventful quarter for Amazon, introducing Prime membership benefits to Whole Foods store and acquiring online pharmacy PillPack.
Prime Day, the company’s one day sale, is estimated to have brought in around US$3.6bn in sales despite some technical difficulties at the beginning. Those sales will be included in the third-quarter results.
For the following quarter, the company is expecting net sales between US$54bn and US$57.5bn.
Shares of Amazon were up nearly 3% to US$1,856 in Thursday after-hours trading.