[Asia Economy Reporter Yujin Cho] Amazon, the world's largest e-commerce company, surpassed $100 billion in sales for three consecutive quarters but fell short of market expectations.
On the 29th (local time), Amazon announced that its Q2 sales this year reached $113.08 billion, a 27.22% increase compared to the same period last year.
This figure was below the Bloomberg forecast of $115.06 billion.
Net profit for the same period rose 48.35% to $7.778 billion. Earnings per share amounted to $15.12, exceeding the market expectation of $12.22.
Following the earnings announcement, Amazon's stock price fell 6.8% in after-hours trading.
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