Todd Bishop
After the US stock market, Amazon and Google parent company Alphabet announced the second quarter earnings report. Amazon’s earnings report is mixed, and Google’s second-quarter earnings report is eye-catching.
According to the financial report, Amazon’s second-quarter revenue was $63.4 billion, higher than the expected $62.5 billion; second-quarter earnings per share were $5.22, lower than the expected $5.57.
Amazon Web Services, which provides computing and storage services to businesses, schools and government agencies, posted revenues of $8.38 billion in the second quarter, down from the expected $8.88 billion, an increase of 37%, down from 41 in the previous quarter. %. Analysts believe that the decline in growth means that its competitor Microsoft is accelerating growth and grabbing more market share.
Amazon also adjusted its third-quarter performance guidance, which is expected to be lower than market expectations. Currently, the company is facing a government review, and both the United States and the European Union have launched antitrust investigations. Brian Olsavsky, the company’s chief financial officer, said the second-quarter earnings did not include any potential penalties and regulatory implications.
Affected by earnings data, Amazon fell 1.56% to close at $1,843 during the closing hours.
In addition, Google’s parent company Alphabet’s earnings report showed that the second quarter revenue was 38.944 billion US dollars, higher than the market expectation of 38.149 billion US dollars, an increase of 19%; second quarter net profit was 9.947 billion US dollars, higher than the market expectations of 8.024 billion US dollars, The year-on-year growth was 211%; the second quarter earnings per share was $14.21, which was higher than the market expectation of $11.32.
According to business division, network revenue in the second quarter was US$5.266 billion, up 9% year-on-year; advertising revenue in the second quarter was US$32.601 billion, up 16% year-on-year; other revenues were US$6.181 billion, up 28% year-on-year. The analysis believes that the company seems to have gone out of the woods when global advertising has received some impact.
Based on excellent performance, Alphabet’s trading hours after the close of the market rose 7.84% to $1,225.
