Amazon warehouse
Photo 194996167 © Marcos del Mazo |

CNBC reports:

Key points

– Amazon fell short of analysts’ estimates for revenue in its second-quarter results.

– It also gave weaker-than-expected outlook for third quarter revenue, which Amazon CFO Brian Olsavsky blamed on tough year-over-year comparisons to its business during Covid-19 lockdowns.

Amazon shares fell more than 6% in extended trading on Thursday after the company reported its first revenue miss in three years and gave weak third-quarter guidance.

Here’s how the company did:

– Earnings: $15.12 vs $12.30 per share, according to analysts surveyed by Refinitiv

– Revenue: $113.08 billion vs $115.2 ...

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