Amazon reported its second-quarter earnings and despite a drop of 7.7%, the online retailer increased its net sales by 51%. The disparity between Amazon’s earnings and sales is due to a 54% increase in operating expenses. Even though earnings dropped, Amazon’s stocks were up 6.8% after trading was over on Tuesday. Read the full article at WSJ.com
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.