Amazon shares fell more than 6% after hours, as the internet retailer reported second-quarter sales of $113.1 billion, which is less than the $115.2 billion expected by analysts polled by Refinitiv. The internet retailer made $7.8 billion in profit, up 48% from the same quarter last year. Though Amazon saw revenue increase 27% in the second quarter, up from $88.9 billion the year prior, it’s...
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How Netflix Can Regain Momentum
We’re now just a couple of weeks away from the second-quarter earnings reporting season. And if history is any guide, first out of the gate will be Netflix’s report on July 19, which is likely to be one of the most closely watched tech earnings updates of the quarter. Netflix’s first-quarter report, revealing a tiny drop in subscribers and forecasting a bigger one for the second quarter,...
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