Amazon is falling short on what analysts expected in revenue for the first time in three years.
The online marketplace reported revenue of just over 113-billion dollars last quarter. That was about one-point-four billion less than expected. The company also said it expects weaker numbers in the third quarter. That led shares of the company to drop about five-percent in after-hours trading. Amazon did beat expectations in earnings, making 15-dollars-and-12 cents a share. Wall Street was expecting that to be 12-dollars-and-30 cents. Amazon’s revenue did grow by 27-percent year over year.