MILAN – The return to everyday life cools the rush of purchases on Amazon: the sales of the e-commerce giant, which on Thursday evening announced its results with Wall Street closed, disappointed expectations, as well as the prospects future. It had not happened since 2018 that Jeff Bezos’ creature betrayed the expectations of the market, which immediately took note of it: in the after hours market in New York, Amazon’s shares have come to lose seven percentage points, overshadowing the good performance since advertising point of view and the cloud division of Aws.
In the second quarter of 2021, Amazon reported earnings of $ 7.78 billion, or $ 15.12 per share, on revenues of $ 113.08 billion. While this is an improvement on profits of $ 5.24 billion, or $ 10.30 per share, on sales of $ 88.91 billion in the same period of the previous year, the expectations were for a profit to share of $ 12.30 on a turnover of $ 115.2 billion.
As we said, the cloud segment did well. Amazon web services saw sales grow 37% to $ 14.81 billion, accelerating from the 32% growth recorded in the previous three months and exceeding expectations by $ 14.20 billion. Amazon also announced that it expects an operating profit of between 2.5 billion and 6 billion dollars on a turnover between 106 billion and 112 billion dollars in the third quarter of the year; while wall street analysts expect $ 119.2 billion. Second quarter results benefited from the shift in Prime day which was earlier than its usual placement in the successful quarter. Furthermore, the quarter that ended last June was the last one under the leadership of founder Jeff Bezos who handed over the reins to Andy Jassy on 5 July.
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