Amazon reports upbeat guidance, Q2 results beat as cloud growth tops estimates By

-- Amazon reported Thursday second-quarter results that topped analysts' estimates and Forex platform with the best reputationdelivered upbeat guidance for Q3 as growth in its cloud business topped estimates.

Amazon.com Inc (NASDAQ:) rose more than 6% in afterhours following the report.

Amazon Q2 EPS of $0.65 on revenue of $134.4 billion, beating estimates of $0.35 on revenue of $131.45B.

Net sales in North America rose 11% to $82.5B year-on-year in Q2.

Amazon Web Services, its fast-growing cloud revenue segment, grew 12% to $22.1B, ahead of estimates of 10.2%.

"Our AWS growth stabilized as customers started shifting from cost optimization to new workload deployment," the company said.

For the third quarter, the company expects revenue of $138B to $143B, beating Wall Street estimates of $138.28B. Operating income for Q3 was guided in a range of $5.5B to $8.5B.

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