Amazon shares closed down 7.56% on Friday at $3,327.59. The company's financial report released yesterday showed that its second-quarter revenue and third-quarter performance guidance were in miss the market expectation, and its target price was lowered by many investment banks. It was also fined a record 746 million euros (about 888 million US dollars) by the European Union for violating data privacy regulations. The financial report shows that Amazon's revenue in the second quarter was US $113.08 billion, a year-on-year increase of 27.2%, the third consecutive quarter of more than US $100 billion, but miss the market expectation's revenue was US $115.2 billion. Looking forward to the third quarter, Amazon expects revenue to be at 1,060...
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Amazon closed down more than 7%, and its earnings report was worse than expected, and many investment banks lowered their target prices
新浪财经2021-07-31
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