Amazon Drops 5% After Missing In Q2 With In-Line Sales Of $19.34B, Larger Than Expected Per-Share Loss Of $0.27

By Alex Wilhelm

Following the bell today, Amazon reported its second quarter financial performance including a $0.27 per share loss on revenue of $19.34 billion. Analysts had expected Amazon to lose $0.15 on revenue of $19.34 billion. For the quarter, Amazon’s revenue grew 23% when compared to the year-ago quarter. It had operating income of -$17 million, down from its year-ago tally of $79 million.… Read More

Source: Technology