Amazon’s Q2 Revenue Misses, Forecasts Disappoint Investors

More news – Breaking news

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

You may also be interested in – Other related media
By Samuel B. Price

You May Also Like