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Amazon Cruises Past Wall Street Q2 Estimates, With Advertising Surging 22% Over Year-Ago Levels

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Amazon cruised past Wall Street estimates in the second quarter, swinging from a loss in the year-ago period to better-than-expected profits. The financials for the period ending June 30 beat analysts’ forecasts in pretty much every category. Total revenue rose 11% to $134.4 billion, earnings came in at 65 cents a share on a diluted […]

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