
Amazon.com, Inc. (NASDAQ:AMZN) shares are trading lower by 4.17% at $2,381.75. The move appears to be on continued weakness after the company last week reported first-quarter earnings results and issued second-quarter sales guidance below analyst estimates.
Amazon reported quarterly sales of $116.40 billion, which beat the analyst consensus estimate of $116.30 billion. The e-commerce giant reported a quarterly net loss of $7.56 per share, which included a non-operating expense from Amazon's investment in Rivian Automotive Inc (NASDAQ:RIVN)... Read More