Amazon shares dropped as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.
Earnings: $7.38 per share, adjusted, vs. $8.36 expected, according to Refinitiv
Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv
Here’s how other key Amazon segments did during the quarter:
Amazon Web Services: $ 18.44 billion vs. $18.27 billion expected, according to StreetAccount
Advertising: $7.88 billion vs. $8.17 billion expected, according to StreetAccount