Amazon earns $7.8 billion, but result is lower than expected and shares fall

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It is the first time since the beginning of the pandemic that the company has published results below market expectations

A Amazon it released strong financial results for the second quarter of the year, but for the first time since the pandemic began, the company published figures that came in below market expectations.

The company’s revenue was 113 billion dollars in the period, just below the 115 billion expected. The profit was 7.8 billion dollars. Amazon says it expects sales of between $106 and $112 billion in the third quarter, with operating profit of between $2.50 and $6 billion.

The result below expectations may indicate that the company is losing the dominance it established during the pandemic, when there was a significant increase in digital consumption and e-commerce, bringing a large flow of customers and purchases to the company.

The quarter, whose sales rose 27% over the same period in 2020, was helped by the result of the Prime Day, a kind of commemorative date for the company, which this year took place in June, while in previous years it was a date in the third quarter.

As of the close of this report, Amazon shares have fallen 6.8% in trading after the market closes.

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palheta smll Amazon earns $7.8 billion, but result is lower than expected and shares fall

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