MW: Amazon’s run of record earnings comes to an end, and the stock is falling

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MARKETWATCH reports: “Amazon.com Inc.’s run of record-high earnings came to an end Thursday, and shares fell in late trading despite strong sales growth. Amazon reported second-quarter earnings of $2.6 billion, or $5.22 a share, up from $5.07 a year ago but lower than analyst estimates. Revenue was $63.4 billion, up from $52.9 billion a year ago, with the Amazon Web Services cloud-computing business accounting for $8.38 billion of that total. Analysts on average expected Amazon to report earnings of $5.56 a share on sales of $62.52 billion, with $8.48 billion credited to AWS, according to FactSet.”

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