Company Of The Day: Amazon
What?
Amazon (NASDAQ:AMZN) posted a mixed set of Q2 2021 results, with revenue of $113.1 billion missing expectations, although EPS of $15.12 was stronger than expected. Revenue growth slowed to 27% year-over-year, down from about 44% in Q1. The company expects growth to cool further in Q3 to about 13.5%, based on the mid-point of guidance.
Why?
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- Amazon Stock Surpassed The Street Expectations In Q2
The e-commerce tailwinds seen through the Covid-19 related lockdowns appear to be slowing, as consumers return to brick-and-mortar stores.
So What?
Amazon stock declined by over 7% in after-hours trading on Thursday, following the results.
See Our Complete Analysis For Amazon
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