(Bloomberg) -- Amazon.com Inc. reported profit that far exceeded analysts’ estimates, showing that the
e-commerce giant can make money despite spending heavily to keep operating through the Covid-19
pandemic.
Second-quarter revenue jumped 40% from a year earlier to $88.9 billion. Earnings
were $10.30 a share, beating analysts average projection of $1.51 per share on sales of $81.2 billion,
according to data compiled by Bloomberg.