Amazon narrowly missed Wall Street expectations for total revenue in the second quarter. The combination of weak revenue and weak third-quarter guidance sent shares down in after-hours trading.
Amazon delivers mixed quarter, AWS revenue up 19% year over year
The company's shares joined a broader decline among big technology companies, falling nearly 7% to about $172.
Parent company Prime Video said revenue rose 10% to $148 billion in the quarter ended June 30, below analysts' consensus estimate of $158.56 billion.
Net income far exceeded expectations, nearly doubling from the same period last year to $1.26 per diluted share.
