Amazon reports weaker-than-expected revenue for second quarter and issues disappointing guidance

Category: Business

Amazon reported earnings of $1.26 per share, exceeding expectations, but missed revenue forecasts for the second quarter, leading to a decline in shares. The company anticipates third-quarter revenue between $154 billion and $158.5 billion, below analyst estimates.

Keywords: Amazon, Earnings Report, Revenue Forecast

Source: CNBC

Update At: 8/2/2024

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