Amazon Reports $7.8 Billion USD in Profit For Second Quarter, Misses Revenue Expectations

Amazon shared its mixed second-quarter financial results on Thursday, falling short of Wall Street's revenue expectations, but turning over strong net income.The company reported revenue of $113.1 billion USD, a 27 percent increase and a record for Q2, though still missing analyst's expectations of $115.07 billion USD. Additionally, Amazon reported a net income of $7.8 billion USD, which equates to $15.12 USD per diluted share. That figure is a 50 percent increase from last year's $5.2 billion U...