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Bumper EPS Beat

Shares in US tech giant Amazon are trading 0.60% higher pre-market on Friday following a bumper Q2 earnings report yesterday.

Amazon reported earnings per share of $10.30. This was a huge upside surprise to the $1.48 EPS expected. Revenues were reported at $88.9 billion, marking a 40% jump on the same quarter last year, with a net income of $5.2 billion.

Regionally, Amazon reported a 43% jump in North American sales which rose to $55.4 billion. International sales were higher by 38%, rising to $22.7 billion. Q2 revenues at this level were well above the $81.56 figure the market was looking for.

Highly Unusual Quarter

Commenting on the results, Amazon CEO Jeff Bezos said:

“This was another highly unusual quarter, and I couldn’t be more proud of and grateful to our employees around the globe. As expected, we spent over $4 billion on incremental COVID-19-related costs in the quarter to help keep employees safe and deliver products to customers in this time of high demand —...

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