Amazon Earnings Miss Estimates: 5 Metrics You Should See
Amazon.com (NASDAQ: AMZN) reported second-quarter 2019 results after the market closed on Thursday.
The e-commerce titan's five-quarter string of demolishing Wall Street's earnings estimates came to an end, as it fell short of bottom-line expectations. However, it did surpass the consensus estimate on the top line.
Shares closed Thursday's after-hours trading session down 1.7%. We can attribute the market's negative reaction to the earnings miss and third-quarter operating income guidance coming in lighter than analysts were expecting.
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