Economy

Amazon’s Q2 Revenue Misses, Forecasts Disappoint Investors

Avatar photoAnderson W. White

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
By Anderson W. White

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