The e-commerce giant on Thursday reported net sales of $121.2 billion for the quarter ended June 30.
“Despite continued inflation in fuel, energy and transportation costs, we are making progress on the more controlled costs we mentioned last quarter,” Amazon CEO Andy Jassy said in a statement.
Amazon’s performance was buoyed by its cloud business, Amazon Web Services, which posted a profit of $5.7 billion on revenue of nearly $20 billion — a 33 percent increase from the same period last year.
The company’s after-hours stock jump was likely due to bright guidance released for the current quarter.
Amazon said it expects net sales of between $125 billion and $130 billion for the third quarter, an increase of up to 17 percent from last year.
