KQED Nightly Business Report June 22, 2024
Online commerce bow heamage turning a profit and holding its market capacity the likes of walmart, General Electric and jpmorgan. Amazon pulled down 19 cents a share in earnings forecast for a loss of 14 cents. Revenue topped expectations and rose nearly 20 to 23 billion in just the 3 month quarter. Shares rocketed higher initially, and that sharp rise added billions to the net worth of ceo and founder. Josh lipton has more on amazons remarkable quarter. A big number that caught a lot of investors by surprise and that earnings release, 1. 8 billion, that is the revenue that amazon said it gene...