Amazon (NASDAQ:AMZN) shares rose in after-hours trade on Thursday, despite the company reporting a net loss and issuing a modest forecast for the third quarter. In extended trading, shares soared more than 10% as a focus on AWS acceleration and robust top-line growth eclipsed a turbulent bottom line. Overall net sales grew 7% to $121.2 billion, handily above the $2.04 billion market expectation. In the second quarter of 2022, cloud business net sales increased from $14.8 billion in the second quarter of 2021 to $19.74 billion. This rate represented a 33% increase over the same quarter last year. ...
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Amazon stock Rises as AWS Expansion Drowns Out Earnings Noise