They did well with earnings though
- Earnings per share: $1.68 vs. $1.33 expected
- Revenue: $167.7 billion vs. $162.09 billion expected
Wall Street is also looking at other key revenue numbers:
- Amazon Web Services: $30.87 billion vs. $30.8 billion expected, according to StreetAccount
- Advertising: $15.7 billion vs. $14.9 billion expected, according to StreetAccount
Amazon shares slid more than 7% in extended trading on Thursday after the company
reported second-quarter results that exceeded expectations, but it gave light operating income guidance for the current period.
For the current quarter, Amazon said it expects operating income to land between $15.5 billion and $20.5 billion. Analysts were looking for $19.48 billion, according to StreetAccount.
The light guidance caused the drop. Josh Brown was hyping them up yesterday I believe saying it should go back to ATH and beyond.