Amazon.com, Inc. (NASDAQ:AMZN) reported a big second-quarter earnings miss after Thursday's close.
Amazon reported Q2 earnings of 40 cents per share, which doesn't compare to analyst estimates of $1.42; The company reported EPS of $1.78 in the year-ago period. Sales came in ahead of predictions at $38 billion, beating consensus estimates by $820 million.
The e-commerce giant forecasts FY 2017 sales of $39.25 billion-$41.75 billion, against estimates of $39.9 billion. Net sales increased 25 percent in the quarter to $38 billion.
Bezos had quite the Thursday, briefly being crowned the world’s richest man after an initial jump in shares earlier in the day. Bezos owns a 17 percent stake of the company.
At time of publication, shares were down about 2.5 percent at $1,019.92 in after-hours trading.
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