Aug. 8, 2022
Amazon Second Quarter In Red
Amazon.com, Inc. had net sales of $121.2 billion in the second quarter of 2022, an increase of seven per cent compared with net sales of $113.1 billion in second quarter of 2021. Operating income decreased to $3.3 billion in the quarter, compared with $7.7 billion in year-ago period. The company had a net loss of $2 billion in the quarter compared to net income of $7.8 billion last year. The company cites inflationary pressures in fuel, energy, and transportation costs as reasons behind the decrease.