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Friday, July 26, 2019

AMAZON SALES TOP $63B IN Q2

Amazon’s net sales hit $63.4b in the second quarter of 2019, up 20% from the year-ago period and a billion dollars more than analysts expected. Net income was $2.6b, up $100m from 2018.

Subscription services such as Prime, where streaming music is housed, roses 37% to $4.7b.

The company also noted that there are now more than 60,000 smart home devices that can have Alexa enabled including headphones from Bose and certain Lexus and Toyota vehicles.

Amazon shares have risen 32% this year, outpacing the 20% gain for the S&P 500. The stock closed at $1,943.05 a share Friday.

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