Amazon falls after reporting mixed Q2 earnings
Amazon is sinking this morning after reporting a mixed second-quarter. The company reported a beat on the top line, but missed the bottom line by a pretty wide margin. Amazon Web Services revenue, the biggest revenue generator for Amazon, came in lighter than expectations, which brings down the AWS growth rate to 37%. Revenue guidance was relatively in line with Wall Street estimates, but profit guidance was more than $1 billion lower than expectations. Yahoo Finance’s YFi AM discusses.
