Amazon CEO, Andy Jassy speaking with CNBC’s Jim Cramer on Mad Money in Seattle, WA. on Dec. 6th, 2023.
CNBC
Amazon missed on revenue in its second-quarter earnings report on Thursday and issued a weaker-than-expected forecast for the current period. The shares slid in extended trading.
Here’s how the company did:
- Earnings: $1.26 per share vs. $1.03 per share expected by LSEG
- Revenue: $147.98 billion vs. $148.56 billion expected by LSEG
Wall Street is also looking at these key numbers:
- Amazon Web Services: $26.3 billion vs. $26 billion in revenue, according to StreetAccount
- Advertising: $12.8 billion vs. $13 billion in revenue, according to StreetAccount
Amazon forecast revenue in the current quarter to be between $154 billion and $158.5 billion, representing growth of 8% to 11% compared with the third quarter last year.
This story is developing. Check back for updates.
