Amazon post 2Q loss but revenue tops estimates, stock jumps (AP News)

AP News
Amazon post 2Q loss but revenue tops estimates, stock jumps – NEW YORK (AP) – Amazon on Thursday reported its second-consecutive quarterly loss but its revenue topped Wall Street expectations, sending its stock sharply higher. The Seattle-based e-commerce giant lost $2.03 billion, or 20 cents per share, in the three-month period ended June 30, driven by a $3.9 billion write-down of …

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