Some handy graphs from AlphaStreet
E-commerce giant $AMZN reported a 77% decrease in 2Q17 earnings hurt by higher costs. The company has been investing significantly in areas such as video content and in fast-growing economies such as India. Net income was $197MM or $0.40 per share in 2Q17 compared with $857MM or $1.78 per share in 2Q16.
During 2Q17, $AMZN’s net sales increased 25% to $38Bil compared with $30.4Bil in 2Q16. Excluding the $502MM unfavorable impact from YoY changes in foreign exchange rates throughout the quarter, net sales increased 26% compared with 2Q16.