CNBC: Amazon posts third $100bn quarter in a row, but still misses expectations

CNBC reports:
Key points
– Amazon fell short of analysts’ estimates for revenue in its second-quarter results.
– It also gave weaker-than-expected outlook for third quarter revenue, which Amazon CFO Brian Olsavsky blamed on tough year-over-year comparisons to its business during Covid-19 lockdowns.
Amazon shares fell more than 6% in extended trading on Thursday after the company reported its first revenue miss in three years and gave weak third-quarter guidance.
Here’s how the company did:
– Earnings: $15.12 vs $12.30 per …

The post CNBC: Amazon posts third $100bn quarter in a row, but still misses expectations appeared first on The Loadstar.

Source: The Loadstar

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