Amazon Exceeds Expectations but Stock Drops After Hours

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Amazon Exceeds Expectations but Stock Drops After Hours
Photo: Damian Dovarganes/AP/TT

The profit landed at $1.68 per share, compared to $1.33 per share that the analysts had expected, reports CNBC.

The turnover during the quarter landed at $167.7 billion. There, the analysts had counted on $162.1 billion.

Advertising revenue during the period amounted to $15.7 billion against expected $14.9 billion.

For the third quarter, Amazon expects the turnover to land between $174 billion and $179.5 billion against expected $173.1 billion.

The share is falling in after-hours trading on the New York stock exchange and was after about half an hour 3.8 percent down.

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By TT News AgencyEnglish edition by Sweden Herald, adapted for our readers

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