Amazon earnings results: Shoppers are being cautious with their spending, the company warned. Its stock dropped sharply.
Amazon CEO Andy Jassy
REUTERS/Mike Blake; Chelsea Jia Feng/BI
- Amazon reported second-quarter earnings on Thursday.
- The tech giant missed revenue estimates as it flagged shoppers looking for bargains.
- Amazon's stock fell more than 7% in volatile after-hours trading.
Amazon reported second-quarter earnings Thursday, flagging that shoppers are being more careful with their spending, trading down to lower-priced items when possible.
It also said it would...
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