PKJCHIA
2022-07-29
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Amazon jumps on revenue beat and rosy guidance for third quarter. Amazon reported second-quarter results on Thursday that beat on the top line.

It also gave upbeat guidance for the third quarter.

The stock jumped in extended trading.

Amazon shares climbed more than 13% in extended trading on Thursday after the company reported better-than-expected second-quarter revenue and gave an optimistic outlook.

“Despite continued inflationary pressures in fuel, energy, and transportation costs, we’re making progress on the more controllable costs we referenced last quarter, particularly improving the productivity of our fulfillment network,” CEO Andy Jassy said in a statement.

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