Amazon made a tacit acknowledgement of the uncertain economic climate, offering guidance in its quarterly earnings report that fell short of Wall Street expectations.
The guidance for second-quarter operating income was included in the company’s report of first-quarter results, which saw earnings and revenue both beat analysts’ forecasts.
Earnings came in at $1.59 per share on an adjusted basis, with revenue of $155.7 million. The revenue figure slightly exceeded expectations, while earnings cleared the bar more easily.
After the earnings release hit the wire after the close of the market day, shares in Amazon fell nearly 4% in after-hours trading.
MORE to come …
