Wall Street analysts react to Amazon’s disappointing second-quarter earnings
Amazon reported another massive quarter on Thursday, but it wasn’t enough to meet sky-high expectations, leading Wall Street analysts to scale back their estimates.The tech giant reported $15.12 in earnings per share and $113.08 billion in revenue for its second quarter. That topped expectations of $12.30 in earnings but missed the projected $115.2 billion in revenue, according to analysts surveyed by Refinitiv.Following the report, Morgan Stanley’s Brian Nowak cut his price target for the stock