Investing.com - Amazon.com (NASDAQ:AMZN) reported second quarter earnings that missed analysts' expectations on Thursday and revenue that topped forecasts.
The firm reported earnings per share of $5.22 on revenue of $63.4B. Analysts polled by Investing.com expected EPS of $5.56 on revenue of $62.47B. That compared to EPS of $5.07 on revenue of $52.89B in the same period a year earlier. The company had reported EPS of $7.09 on revenue of $59.7B in the previous quarter.
Amazon.com shares lost 2.11% to trade at $1,952.00 in after-hours trade following the report.
For the year, Amazon.com shares are up 32.77%, outperforming the S&P 500 which is up 21.3% year to date.
Amazon.com follows other major Services sector earnings this month
On Wednesday, Visa A reported third quarter EPS of $1.37 on revenue of $5.84B, compared to forecasts of EPS of $1.32 on revenue of $5.7B.
AT&T earnings matched analyst's expectations on Wednesday, with second quarter EPS of $0.89 on revenue of $44.96B. Investing.com analysts expected EPS of $0.89 on revenue of $44.87B
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