Second-quarter earnings lower than expected amid threat of government action
Amazon reported lower-than-expected profits in its second quarter of 2019, as it faces unprecedented pushback from lawmakers and consumers over its growing power.
The company reported second-quarter earnings of $2.6bn, or $5.22 a share, up from $5.07 this time last year but lower than analyst estimates of $5.57 per share, sending stocks falling in after-hours trading.
Read More Amazon profits fall short as company faces protests and monopoly fears