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Amazon Shatters Expectations, Pulls First $5 Billion Quarterly Profit

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Amazon just keeps outperforming itself, it seems. The e-commerce giant reported net sales of $88.9 billion in the second quarter, and generated earnings of $10.30 per share—shattering the $1.46 per share analysts polled by Refinitiv expected to see in the quarter. Amazon stock popped more than 6 percent within 30 minutes of the report’s release….

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