Amazon Q2 Earnings Highlights: Revenue Miss, EPS Beat, Q3 Guidance And More
Portfolio Pulse from Chris Katje
Amazon reported Q2 earnings with net sales of $148 billion, missing estimates, but EPS of $1.26 beat expectations. AWS showed strong growth, and Q3 guidance is positive. Shares fell 3% in after-hours trading.
August 01, 2024 | 8:18 pm
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Amazon's Q2 earnings report showed a revenue miss but an EPS beat. AWS growth remains strong, and Q3 guidance is positive. Shares fell 3% in after-hours trading.
Despite the EPS beat and strong AWS growth, the revenue miss and lower-than-expected Q3 guidance led to a 3% drop in after-hours trading. Investors may be concerned about the revenue miss and cautious Q3 outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100