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4/29, 10:51 AM (Source: TeleTrader)
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Amazon falls over 8% in premarket after weak results

Amazon shares dipped in Friday’s premarket session amid the adverse reactions after the disappointing results posted on Thursday. The company was down over 8%.

Despite revealing that its total net sales expanded by 7.3% to $116.44 billion, the company’s operating income contracted to $3.67 billion, with a net loss reaching $3.84 billion or $7.56 a share after the giant reported earnings of $15.79 a share a year ago. The latter represents the first loss in seven years.

Amazon shares were down by 8.43% at 4:51 am ET at $2,648.00.

Baha Breaking News (BBN) / JG