Amazon has disappointed Wall Street with the release of its quarterly earnings report moments ago.
The company reported earnings of 45 cents per share on revenues of $6.57 billion. Consensus expectations were for 54-55 cents a share on revenues of $6.54 billion.
The company badly missed earnings per share expectations, met revenue expectations, and offered third-quarter guidance of $6.9 to $7.6 billion in revenues compared to street expectations of $7.1 billion.
In after-market trading AMZN shares were initially down about 14 percent to $103 after closing the trading day up 2 percent.
The company will hold its quarterly earnings conference call at 5 pm EST and it will be webcast at http://phx.corporate-ir.net/phoenix.zhtml?p=irol-eventDetails&c;=97664&eventID;=3215186.
