U.S. markets closed
  • S&P 500

    4,432.99
    -40.76 (-0.91%)
     
  • Dow 30

    34,584.88
    -166.42 (-0.48%)
     
  • Nasdaq

    15,043.97
    -137.93 (-0.91%)
     
  • Russell 2000

    2,236.87
    +3.96 (+0.18%)
     
  • Crude Oil

    71.96
    -0.01 (-0.01%)
     
  • Gold

    1,753.90
    +2.50 (+0.14%)
     
  • Silver

    22.42
    +0.13 (+0.58%)
     
  • EUR/USD

    1.1726
    -0.0046 (-0.39%)
     
  • 10-Yr Bond

    1.3700
    +0.0390 (+2.93%)
     
  • GBP/USD

    1.3741
    -0.0056 (-0.41%)
     
  • USD/JPY

    109.9150
    +0.1970 (+0.18%)
     
  • BTC-USD

    47,573.88
    -506.60 (-1.05%)
     
  • CMC Crypto 200

    1,193.48
    -32.05 (-2.61%)
     
  • FTSE 100

    6,963.64
    -63.84 (-0.91%)
     
  • Nikkei 225

    30,500.05
    +176.75 (+0.58%)
     

1 Thing the Market Got Wrong in Amazon's Earnings Report

·3 min read
1 Thing the Market Got Wrong in Amazon's Earnings Report
In this article:
  • Oops!
    Something went wrong.
    Please try again later.

Amazon's (NASDAQ: AMZN) latest earnings results were enough to beat analysts' expectations, but the stock fell after management issued lower-than-expected guidance for the third quarter. As of this writing, the stock is down 6.5% since the earnings report, but strong demand from new Prime customers is causing Amazon to spend aggressively to support growth. Amazon posted revenue growth of 27% year over year in the second quarter, or 24% adjusted for currency fluctuations.