Amazon: profits decline in second quarter.
(CercleFinance.com) - The American e-commerce giant has reported a 77% fall in its net profits in the second quarter on a year-on-year basis.
Profit came to 197 million dollars, or 40 cents per share. Consensus was banking on earnings per share (EPS) of 1.4 dollars.
Sales are the only silver lining with revenue 38 billion dollars, a 25% jump compared with the second quarter of 2016, or 800 million more than expected by the market.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
Profit came to 197 million dollars, or 40 cents per share. Consensus was banking on earnings per share (EPS) of 1.4 dollars.
Sales are the only silver lining with revenue 38 billion dollars, a 25% jump compared with the second quarter of 2016, or 800 million more than expected by the market.
Copyright (c) 2017 CercleFinance.com. All rights reserved.