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How Amazon Blew Away Investors This Quarter

Amazon.com, Inc. (NASDAQ: AMZN) reported fiscal second-quarter financial results after the markets closed on Thursday. The company said it had $1.07 in earnings per share (EPS) on $29.13 billion in revenue, versus Thomson Reuters consensus estimates that called for $0.58 in EPS on $27.98 billion in revenue. The same period from last year had a net loss of $0.12 per share on $22.72 billion in revenue.

One of the announcements Amazon made this quarter was that Spotify Premium was now available in the U.S. on Echo. Subscribers can also use Alexa—similar to Apple’s Siri—to coordinate playlists and play tracks.

During the quarter, Amazon’s Dash Button more than tripled its lineup of available brands. Customers can now choose from over 100 Dash...


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