Amazon Q2 earnings blow past estimates as coronavirus buying boosts revenue, profit

Amazon (AMZN) posted second quarter earnings on Thursday that blew away Wall Street estimates, bolstered by consumer trends during the coronavirus pandemic that have catapulted the tech giant into one of the crisis’ biggest beneficiaries.

The company’s results are even more impressive given that it acknowledged spending over $4 billion during the quarter on COVID-19 related costs. Here are the results compared to estimates from consensus compiled by Bloomberg:

The quarter’s performance…


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