Reported 2 months ago
Amazon's stock fell 8% following a forecast for the third quarter that disappointed investors, citing lower-than-expected sales and operating income. The company's projected revenue range of $154 billion to $158.5 billion was below analysts' expectations, while operating income also fell short. Despite a profitable quarter with earnings per share of $1.26, concerns about increased competition in e-commerce and a soft consumer spending environment contributed to the stock's decline.
Source: YAHOO