Earnings season is in full swing, and some of the most closely watched companies have given investors crucial information to chew on. On July 31, Amazon (NASDAQ: AMZN) reported earnings for the second quarter (ended June 30).
Revenue of $167.7 billion and diluted earnings per share of $1.68 both came in well ahead of consensus analyst estimates. However, it’s important to view this fresh information in the context of Amazon’s bigger picture.
Here’s what this “Magnificent Seven” stock’s latest earnings report means for long-term investors.