Kevin Travers
$Amazon (AMZN.US)$ reported quarterly earnings of $1.26 per share which beat estimates. The firm's sales revenue came in at a nearly $780M miss, sending the stock down.
Analysts estimated earnings of $1.04/share. The company reported quarterly sales of $147.977 billion which missed the analyst consensus estimate of $148.557 billion by 0.39 percent. This is a 10.12 percent increase over sales of $134.383 billion in the same period last year.
The firm's sector performance did not match expectations. Amazon beat North American sales estimates, at $90B vs. $89B, but its international sales segment lacked.
