Online retail giant Amazon posts profit, beating expectations
July 24 , 2015
Beating expectations, online retailer Amazon has posted a $92 million profit in the second quarter compared to the loss of $126 million reported for the same period in 2014. Sales were up 20% to $23.2 billion in the three months to the end of June, with Amazon’s US market showing strong growth. In North America, second quarter sales increased by 25.5% to $13.8 billion. Jeff Bezos, the chief executive of the retail giant, said the hard work by staff had paid off.