Amazon.com (NASDAQ:AMZN) Second Quarter 2024 Results

Key Financial Results

• Revenue: US$148.0b (up 10% from 2Q 2023).
• Net income: US$13.5b (up 100% from 2Q 2023).
• Profit margin: 9.1% (up from 5.0% in 2Q 2023). The increase in margin was driven by higher revenue.
• EPS: US$1.29 (up from US$0.66 in 2Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Amazon.com EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 23%.

Looking ahead, revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Multiline Retail industry in the US.

The company's shares are down 12% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We've done some analysis and you can see our take on Amazon.com's balance sheet.

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