Amazon stock rises 10% as tech giant beats revenue expectations

BREAKING NEWS
Thursday, Jul 28, 2022

Shares of Amazon rose more than 10% in after-hours trading after the Seattle tech giant beat revenue expectations in the second quarter. The company posted a $2 billion loss, but that would have been a $1.9 billion profit if not for an accounting charge related to its investment in Rivian, the EV company behind Amazon's new fleet of delivery vans (above).

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