Amazon Shares Slip on Second Quarter Earnings Miss

Quite a bottom line miss for Amazon during the second quarter.
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Quite a bottom line miss for Amazon (AMZN) - Get Report during the second quarter.

Earnings per share of $0.40 fell short of the $1.42 analysts were looking for.

Revenue of $38 billion eclipsed forecasts of $37.18 billion.

Sales for Amazon Web Services - its cloud space - climbed 42% year-over-year to $4.1 billion.

Shares are down 2% in after hours trading.

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