Why Amazon Stock Is Down By 7% Today
- Date: 31-Jul-2021
- Source: Yahoo News
- Sector:Financial Markets
- Country:Gulf
Why Amazon Stock Is Down By 7% Today
Shares of Amazon found themselves under significant pressure after the company released its second-quarter earnings report.
Amazon reported revenue of $113.1 billion, which was lower than analyst estimates. The company’s GAAP earnings of $15.12 per share exceeded analyst expectations but were not sufficient enough to provide support to Amazon shares.
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