Amazon.com ($NASDAQ:AMZN) released its financial results for the second quarter of fiscal year 2023 on June 30, 2023. The company achieved a total revenue of USD 134383.0 million, 10.8% higher than the same period the previous year. Moreover, the reported net income for the quarter was USD 6750.0 million, a considerable improvement from the net loss of -2028.0 million in the same quarter of the previous year.
On Thursday, Amazon.com, Inc. reported strong financial results for the second quarter of fiscal year 2023, with a 0.5% increase from the prior closing price of $128.2. The stock opened at $127.5 and closed at $128.9, indicating a positive sentiment for the company. Other divisions such as Amazon Prime and Advertising saw a significant growth as well in the quarter. This is mainly driven by increased demand from customers due to the pandemic and new initiatives such as Amazon Fresh and Whole Foods Market.
Overall, Amazon’s financial results have been overwhelmingly positive, with increases in net income, revenue, and gross merchandise sales all indicating a strong future for the company. With the continued success of its various services and the expansion of its markets, Amazon is well-positioned to remain one of the most dominant businesses in the world for years to come. Live Quote…
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Ownership (Institutional/ Fund Holdings)
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Income Statement Reports (Yearly/ Quarterly/ LTM)
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Cash Flow Statement (Yearly/ Quarterly/ LTM)
Cash Flow Supplement
Balance Sheet Snapshot
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Balance Sheet (Yearly/ Quarterly)
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Key Ratios Snapshot
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Income Statement Ratios
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Star Chart Analysis
Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, alongside Google, Apple, and Facebook.
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Investors can be optimistic about Amazon.com‘s financial performance for the second quarter of 2023. The company reported total revenue of $134383 million, representing a 10.8% year-over-year increase. Net income for the quarter was $6750.0 million, compared to a net loss of -2028.0 million in the same period of the previous year.
This significant turnaround in profitability indicates that Amazon’s business strategies are paying off, and the company’s future outlook is promising. Going forward, investors should watch out for further developments in Amazon’s financials that could drive better returns in the long-term.