Second quarter Amazon sales up 25%, income down 77%

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Second quarter Amazon sales up 25%, income down 77%

Jul 28 2017

In the second quarter ended June 30, net sales at Amazon rose 25%, to $38 billion, while net income fell 77%, to $179 million.

As the Wall Street Journal put it, "Amazon's ever-increasing clout is accompanied by a new phase of heightened investment, after several quarters of spending discipline. The retailer is plowing profits back into product development, warehouse building and delivery infrastructure, as well as overseas expansion and video content. Amazon, which keeps promising ever shorter delivery times, is under pressure to contain shipping costs, which rose 36% to $4.57 billion in the second quarter from a year earlier."

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