Shares of Amazon Inc. (AMZN) - Get Report  rose more than 2% after hours Thursday after the company reported quarterly earnings of $5.07 per share on revenue of $52.89 billion. 

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Analysts were expecting the company to report a 41% increase in revenue to $53.4 billion on earnings of $2.48 per share. 

The company expects to report net sales between $54 billion and $57.5 billion in the third quarter, up from the $37.96 billion it reported a year ago, but short of the $58.03 billion analysts are expecting for the period. Amazon noted, however, that currency will have an unfavorable 0.3 percentage point impact, which likely wasn't factored into some analyst estimates.

AWS revenue rose 49% year-over-year to $6.11 billion, matching Q1's growth rate and topping a consensus estimate of $5.98 billion. In addition to AWS's performance, Amazon's EPS got a boost from the fact that the North American segment's operating income, which has been pressured by heavy spending, more than quadrupled to $1.84 billion.

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