Amazon second-quarter sales beat estimates

By Syndicated Content Jul 30, 2020 | 3:17 PM

(Reuters) – Amazon.com Inc on Thursday beat Wall Street’s estimates for second-quarter revenue as coronavirus-driven lockdowns pushed more people to shop for groceries and other essential items on its platform.

Net sales rose to $88.91 billion in the second quarter ended June 30 from $63.40 billion, beating estimates of $81.56 billion, according to IBES data from Refinitiv.

(Reporting by Akanksha Rana in Bengaluru and Jeffrey Dastin in San Francisco; Editing by Anil D’Silva)