Amazon reported a loss of 27 cents a share on revenue of $19.34 billion. Analysts had expected a loss of 15 cents a share on revenue of $19.34 billion. The company issued third-quarter revenue guidance in the range of $19.7 billion to $21.5 billion, compared to the consensus estimate of $20.83 billion.
The stock was down 5.4% to $339.25 at 4:24 p.m.
Must Read: Warren Buffett's 25 Favorite StocksSTOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. Separately, TheStreet Ratings team rates AMAZON.COM INC as a "hold" with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation: "We rate AMAZON.COM INC (AMZN) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, impressive record of earnings per share growth and compelling growth in net income. However, as a counter to these strengths, we also find weaknesses including weak operating cash flow and poor profit margins." You can view the full analysis from the report here: AMZN Ratings Report AMZN Price data by YCharts
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.