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Amazon stock slides after Q2 earnings beat as cloud unit performance fails to impress [Yahoo! Finance Canada]
Last amazon.com, inc. earnings: 4/30 04:01 pm
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Amazon's ( AMZN ) stock sank on Friday after the performance of its AWS unit failed to live up to the hype built up by rivals Google ( GOOG GOOGL ) and Microsoft ( MSFT The tech giant announced its second quarter earnings after the bell on Thursday, beating on the top and bottom lines and offering better-than-anticipated Q3 guidance of between $174 billion and $179.5 billion. Analysts were expecting $173.2 billion. Still, shares fell more than 8% in premarket trading after Amazon's guidance for operating income at its AWS cloud computing unit came in at $15.5 billion to $20.5 billion for the third quarter. Wall Street was looking for $19.5 billion. Amazon.com, Inc. (AMZN) For the quarter, Amazon reported earnings per share (EPS) of $1.68 on revenue of $167.7 billion. Wall Street was anticipating EPS of $1.33 and revenue of $162.1 billion, according to Bloomberg consensus estimates. The company saw EPS of $1.26 and revenue of $147.9 in the same quarter last year. AWS revenue
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