3 Things You Missed in Amazon's Earnings Report
Amazon (NASDAQ: AMZN) stock tumbled Friday after the company missed revenue estimates and surprised the market by calling for much slower revenue growth in the third quarter.
Management expects the top line to increase just 10%-16% in the third quarter, a clear sign that the pandemic bump has ended and that the tech giant will now face difficult comparisons over the next few quarters. While that was the main takeaway from the report, there are some other key pieces of information that investors should be aware of.
Image source: Amazon.
Source Fool.com
