Amazon Lower After Earnings

Amazon.com

released its fiscal second-quarter results after the bell on Thursday. The company reported earnings per share of $0.01, which was below analysts' consensus EPS estimates of $0.02. Revenues came in at $12.83 billion compared to analysts' estimates of $12.89 billion. The company guided third-quarter sales to $12.9 to $14.3 billion. This compares to analysts' consensus estimates of $14.11 billion. The company sees an earnings loss of $50 to $350 million compared to analysts' consensus estimates of a $119.6 million profit. In the after hours, AMZN shares have lost a little less than 2% to $216.04, after initially plunging on the earnings news.