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Amazon’s Q2 Earnings Beat Estimates but Stock Dips on Slower Growth Outlook
Amazon’s Q2 Earnings Beat Estimates but Stock Dips on Slower Growth Outlook
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BTCCSquare news:
Amazon delivered stronger-than-expected Q2 results with $167.7 billion in revenue and $1.68 EPS, outpacing analyst forecasts. The 13% year-over-year growth was driven by an 11% surge in North American operations, while operating income jumped 31% to $19.2 billion—a testament to CEO Andy Jassy's cost optimization strategy.
Despite the beat, shares fell as investors reacted to a tepid Q3 operating income guidance of $18 billion (midpoint), signaling just 3% annual growth. The market's negative response highlights its forward-looking nature, punishing even 'Magnificent Seven' stocks for decelerating momentum.
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