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Amazon Blows Past Q2 Profit Estimates, Says Workforce Now Tops 1 Million

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Dade Hayes Finance EditorAmazon delivered another quarter of stellar financial results as its digital business continues to thrive during COVID-19 despite logistical challenges posed by the pandemic.Total revenue for the quarter ending June 30 was $88.9 billion, more than $7 billion more than Wall Street analysts’s consensus expectation.

Earnings per diluted share were $10.30, nearly double the year-ago quarter and several times the outlook from the Street of $1.46.CEO Jeff Bezos joined other tech leaders Wednesday in delivering testimony before members of Congress.In prepared testimony that had to be cut for time, he disclosed that Amazon’s recent hiring spree during the pandemic has lifted its workforce past the 1 million mark.

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