Amazon’s Q2 Revenue Falls Short, Forecast Disappoints Investors

Amazon revealed its second-quarter earnings on Thursday, reporting lower-than-anticipated revenue and providing a less optimistic forecast for the upcoming period. This led to a decline in the company’s shares during after-hours trading.

Here are the key figures:

• Earnings per share: $1.26, compared to the $1.03 anticipated by LSEG
• Revenue: $147.98 billion, falling short of LSEG’s projection of $148.56 billion

Additional metrics of interest to Wall Street include:

• Amazon Web Services (AWS): Generated $26 billion in revenue, as per StreetAccount
• Advertising: Brought in $13 billion in revenue, also according to StreetAccount