:Amazon.com forecast third-quarter revenue above Wall Street expectations on Thursday, boosted by its biggest Prime Day sale event in July that drew price-conscious consumers to its e-commerce platform.Discounts on goods and deal codes for the first time on services like hotel bookings drove U.S. online sales up 6.1 per cent to a record $12.7 billion during Amazon's shopping event as inflation-hit Americans rushed to seize more bargains.
Amazon's nearly 200 million Prime members saved over $2.5 billion on about 375 million items sold during the two-day event. Analysts expect that to boost advertising and merchant services revenue too as more third-party merchants sign-up. The company forecast current-quarter net sales in the range of $138 billion and $143 billion. Analysts polled by Refinitiv were expecting revenue of $138.25 billion.
Revenue in the second quarter rose 11 per cent to $134.4 billion, compared to estimates of $131.50 billion.
Source: Digital Coin News (digitalcoinnews.net)
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