AMAZON MISSES ON EARNINGS

Jeff Bezos Amazon

Amazon’s earnings are out, and it’s a miss on the bottom line.

Revenue was $15.7 billion, which is about in line with analyst expectations of $15.73 billion.

It had an EPS loss of $0.02, which is worse than expected. Analysts were looking for EPS of $0.06.

The stock was down 4.5% in immediate reaction to the news. It’s since climbed back, and now it’s only down 1.7%.

Amazon is forecasting revenue of $14.45 billion to $17.15 billion, which is about in line with expectations of $16.98 billion for the next quarter.

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