, Columnist
Amazon Finds It’s the Wrong Time to Disappoint
Investors aren’t in a particularly forgiving mood, and the e-commerce giant's results reveal some dents in its armor.
Results didn’t quite deliver.
Photographer: Michael Nagle/Bloomberg
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It takes a lot for Amazon.com Inc. to spook investors, but it managed to do so with its Thursday earnings report.
The e-commerce giant said its quarterly revenue rose 29 percent from a year earlier. That pace of revenue growth was within the range that Amazon had forecast, but its $56.6 billion in sales was still below what analysts were predicting, and the shares tumbled in after-hours trading.