Amazon’s Q2 Performance and Market Reaction
Amazon (NASDAQ: AMZN) reported its Q2 earnings on [insert date], posting earnings per share of $1.68 on revenue of $167.7 billion, surpassing Wall Street estimates of $1.33 per share and $162.11 billion in revenue. Despite this, Amazon’s shares fell 7.7% by 11:15 a.m. ET as investors reacted to a softer profit outlook amid rising artificial intelligence (AI) infrastructure costs. The broader market also saw declines, with the S&P 500 down 1.6% and the Nasdaq Composite down 2.1%.
The Bureau of Labor Statistics indicated weaker job growth than expected, contributing to investor concerns. Amazon’s Q3 sales forecast ranges from $174 billion to $179.5 billion, alongside an operating income projection between $15.5 billion and $20.5 billion.
