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    Amazon Doubles Profit To $5.2 Billion As Online Shopping Spikes

    The company's sales went through the roof between April and June, hitting close to $89 billion — a 40% increase from a year earlier. Amazon added 175,000 new hires to help keep up with the demand.
    by Alina Selyukh Jul 30, 2020 2 minutes
    An Amazon delivery truck is parked outside a warehouse in France on April 16. The online retail giant's revenues and profits soared in the second quarter.

    Updated at 8:35 p.m. ET

    Spikes in online shopping during the pandemic helped Amazon net $5.2 billion in profits as its sales soared to record highs between April and June.

    Amazon's sales jumped 40% in the second quarter compared with a year earlier, hitting close to $89 billion, the company. The retailer managed to double its profits even as it spent more than $4 billion on coronavirus-related expenses and added 175,000 new hires to help keep up with demand.

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