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Investing.com - Amazon.com reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Amazon.com announced earnings per share of $-7.56 on revenue of $116.44B. Analysts polled by Investing.com EPS of $8.37 on revenue of $116.46B.
Amazon.com 's are down 9% and is trading at $2,598.11 , still down 23.35% from its 52 week high of $3,773.00 set on Tuesday, July 13, 2021.
Amazon.com shares lost 10.16% to trade at $2,598.11 in after-hours trade the report.
Amazon.com follows other major Consumer Discretionary sector earnings this month
Amazon.com's report follows an earnings beat by Tesla on Wednesday, April 20, 2022, who reported EPS of $3.22 on revenue of $18.76B, EPS of $2.26 on revenue of $17.87B.
McDonald’s had beat expectations on Thursday with first quarter EPS of $2.28 on revenue of $5.67B, for EPS of $2.17 on revenue of $5.57B.
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