"When the company reported Q2 earnings on July 31, its financial performance was overshadowed by a bleak outlook, with guidance weaker than Wall Street's forecast. Amazon beat on earnings and revenue, with EPS coming in at $1.68 versus expectations of $1.33 and revenue of $167.7 billion versus expectations of $162.09 billion. Revenue from AWS was $30.87 billion versus expectations of $30.8 billion, while advertising revenue registered $15.7 billion versus expectations of $14.9 billion. Q2 sales saw year-over-year growth of 13% to $167.7 billion."
"Shares of Amazon.com Inc. (NASDAQ: AMZN) lost 3.65% over the past five trading sessions after gaining 1.04% the five prior, bringing the stock's year-to-date loss to 1.65%. Amazon announced in August that it will begin offering customers same-day grocery delivery. In July, it was reported that the company's founder Jeff Bezos sold nearly 3 million shares worth $665.8 million. The stock sale is part of a plan announced earlier this year that will see Bezos unload up to 25 million shares through May 2026."
Amazon shares fell 3.65% over the past five trading sessions after earlier gains, leaving the stock down about 1.65% year-to-date. The company announced same-day grocery delivery in August and founder Jeff Bezos sold nearly 3 million shares as part of a plan to unload up to 25 million shares through May 2026. Q2 results showed earnings per share of $1.68 and revenue of $167.7 billion, with AWS revenue of $30.87 billion and advertising revenue of $15.7 billion. Management issued Q3 operating income guidance of $15.5–$20.5 billion, below analyst expectations. Multiple firms raised price targets following the earnings report.
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