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Amazon reports Q2 profits up 35% to $18.2B, but share price drops on cautious Q3 outlook.
Amazon reported a 35% increase in Q2 profits to $18.2 billion, driven by AI investments and a 13% rise in net sales to $167.7 billion, exceeding analyst expectations.
Despite strong results, Amazon Web Services (AWS) saw a 17.5% sales jump to $30.9 billion, and the company's free cash flow declined due to increased AI spending.
Amazon's share price fell in after-hours trading due to cautious third-quarter profit forecasts, ranging from $15.5 billion to $20.5 billion, lower than expected.
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Amazon informa que las ganancias del segundo trimestre aumentaron un 35% a $ 18.2B, pero el precio de las acciones cae con una perspectiva cautelosa del tercer trimestre.