Company News: Amazon (AMZN) quarterly earnings miss analysts’ forecast

Market news

26 July 2019

Company News: Amazon (AMZN) quarterly earnings miss analysts’ forecast

Amazon (AMZN) reported Q2 FY 2019 earnings of $5.22 per share (versus $5.07 in Q2 FY 2018), missing analysts’ consensus estimate of $5.63.

The company’s quarterly revenues amounted to $63.404 bln (+19.9% y/y), beating analysts’ consensus estimate of $62.593 bln.

The company also issued guidance for Q3 FY 2019, projecting revenues of $66-70 bln versus analysts’ consensus estimate of $67.36 bln and operating income of $2.1-3.1 bln versus analysts’ consensus estimate of $4.38 bln and compared with $3.7 bln in Q3 FY 2018.

AMZN fell to $1,945.02 (-1.46%) in pre-market trading.

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