Online Giant Falls Short

Online Giant Falls Short

 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.

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