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Amazon Stock Drops After Q2 Revenue Misses Estimates, Q3 Guidance Underwhelms Street
Amazon narrowly missed Wall Street estimates for total revenue in the second quarter, with that top-line softness combining with weak third-quarter guidance
Amazon narrowly missed Wall Street estimates for total revenue in the second quarter, with that top-line softness combining with weak third-quarter guidance to send shares lower in after-hours trading. Net income easily surpassed forecasts, nearly doubling the year-ago period to hit $1.26 per diluted share. Advertising continued its recent growth trend, though at a moderately slower rate, rising 20% to $12.8 billion.
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