NEW YORK (TheStreet) -- Shares of Amazon.com Inc (AMZN) are sharply down -10.13% to $322.30 in pre-market trade following reports of the company's wider than expected second quarter loss after the bell yesterday.
The online retail giant posted a net loss of $126 million, or 27 cents per share, compared to 2 cents per share the year prior, and missing the consensus estimate for a loss of 15 cents a share, according to Thomson Reuters.
However, revenue was up $19.34 billion, a 3.2% increase year over year and matching analyst forecasts.
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