Amazon release their second quarter of 2021 resaults

Amazon yesterday announced its results for the previous quarter and reported revenue of $ 113 billion. This is an increase of 27.2 percent compared to the same quarter last year and the third quarter in a row you have a revenue of over 100 billion dollars.

Amazon's profit landed at $ 7.7 billion for the quarter, which was slightly lower than the $ 7.8 billion analysts had predicted. They also stated that it thought it would pull in between 106 - 112 billion dollars in the next quarter, which was also lower than analysts had expected.

The company shares fell nearly seven percent after the report but recovered later.