This was a big week for earnings for many companies in the tech space. Today, Amazon delivered their earnings report for the second quarter and the results were mixed and fell short of Wall Street’s expectations. Amazon raked in revenues of $113.1 billion USD which was a 27% increase and a record Q2 number. As impressive as the number was it missed the expected $115.07 billion USD. Net income was $7.8 billion USD which was a 50% increase from last year’s $5.2 billion USD that was recorded in Q2. As expected, shares fell more than 6% in extended trading hours.
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