Earnings

Amazon (AMZN) earnings Q2 2021

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Amazon shares fell more than 7% 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 share, according to analysts surveyed by Refinitiv
  • Revenue: $113.08 billion vs $115.2 billion, according to analysts surveyed by Refinitiv

Amazon’s revenue grew by 27% year over year to $113.08 billion. That’s a significant slowdown from the second quarter of 2020, when sales skyrocketed 41% year over year.

On a call with reporters, Amazon CFO Brian Olsavsky blamed tough year-over-year comparisons to its business during Covid-19 lockdowns. In mid-May of last year, Amazon…



Source cnbc.com

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