Amazon’s Q2 Revenue Misses, Forecasts Disappoint Investors
Amazon reported its second-quarter earnings on Thursday, reporting lower-than-expected revenue and a less optimistic outlook for the next quarter, sending the company’s shares lower in after-hours trading.
Here are the key data:
- Earning per share: $1.26, versus $1.03 expected by LSEG
- Income: $147.98 billion, below LSEG’s projection of $148.56 billion
Additional metrics of interest to Wall Street include:
- Amazon Web Services (AWS): It generated $26 billion in revenue, according to StreetAccount
- Advertising: It brought in $13 billion in revenue, according to StreetAccount