{"id":9479,"date":"2021-07-30T10:19:50","date_gmt":"2021-07-30T14:19:50","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=9479"},"modified":"2021-08-03T08:48:00","modified_gmt":"2021-08-03T12:48:00","slug":"amazon-records-q2-growth-despite-failure-to-meet-estimates","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/amazon-records-q2-growth-despite-failure-to-meet-estimates\/","title":{"rendered":"Amazon Records Q2 Growth Despite Failure To Meet Estimates"},"content":{"rendered":"\n<p>Amazon did not exceed the analyst&#8217;s estimated earnings after it reported an estimated profit increase of $113.1 billion for the second quarter.<\/p>\n\n\n\n<p>Analysts had expected a profit of $12.2 on revenue of $115.07 billion.<\/p>\n\n\n\n<p>While Amazon missed analysts&#8217; financial expectations, it posted growth thanks to its cloud business AWS, which accounted for most of the company&#8217;s operating profit.<\/p>\n\n\n\n<p>Breaking it down, AWS generated net sales of $14.81 billion and an operating income of $4.19 billion in the second quarter. Amazon&#8217;s North America segment generated $67.55 billion in net sales with $3.15 billion recorded as operating income.<\/p>\n\n\n\n<p>Amazon&#8217;s &#8220;other&#8221; category recorded $7.91 billion, attributable to ad services, which the company said grew 87% in the second quarter.<\/p>\n\n\n<p>For more information, read the <a href=\"https:\/\/www.zdnet.com\/article\/amazon-misses-q2-revenue-estimates\/\" target=\"_blank\" rel=\"noopener\">original story<\/a> in ZDNet.<\/p>","protected":false},"excerpt":{"rendered":"<p>Amazon did not exceed the analyst&#8217;s estimated earnings after it reported an estimated profit increase of $113.1 billion for the second quarter.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[57],"tags":[212],"class_list":["post-9479","post","type-post","status-publish","format-standard","hentry","category-companies","tag-amazon"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=9479"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9479\/revisions"}],"predecessor-version":[{"id":9522,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/9479\/revisions\/9522"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=9479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=9479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=9479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}