Consumers spent more than expected on the e-commerce giant’s site, while margins tightened at the company’s all-important cloud computing division.
Despite uncertainty over President Trump’s trade war, Amazon on Thursday reported surprising resilience among the consumers who drive its retail business. But profit margins tightened at its cloud computing service, and executives cautioned there could be turbulence ahead.
Overall, sales from April through June at the e-commerce giant rose to $$167.7 billion, 13 percent more than the same period a year earlier. Profit was $18.2 billion, up 35 percent.
