Amazon posted $113.1 billion in revenue during the three months ended June 30, falling short of the $115.2 billion analysts had expected.
While figures for the second quarter, the final with Jeff Bezos as CEO, is a 27 percent increase from the same period last year, it was a slowdown from the 40 percent sales growth.
Prime Day, which fell during the second quarter this year, was expected to have lifted Amazon's revenue to the analysts' forecast level.
Amazon also forecasts net sales will increase between 10 percent and 16 percent from the prior year, which would be a notable slowdown from the 37 percent sales growth it reported in the third quarter of 2020.
Despite the sales miss, profits surpassed expectations at $7.8 billion, due partly to the performance of CEO Andy Jassy's Amazon Web Services, which posted over $4 billion in profit for the quarter.
Jassy, the longtime head of Amazon's cloud computing division, replaced Bezos as CEO in July.
Preserving Amazon's growth rate could be a challenge after the demand for its products and services soared during the pandemic.


China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal
Anta Sports Expands Global Footprint With Strategic Puma Stake
Rio Tinto Shares Hit Record High After Ending Glencore Merger Talks
Samsung Electronics Shares Jump on HBM4 Mass Production Report
Asian Markets Surge as Japan Election, Fed Rate Cut Bets, and Tech Rally Lift Global Sentiment
Missouri Judge Dismisses Lawsuit Challenging Starbucks’ Diversity and Inclusion Policies
Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility
Amazon Stock Rebounds After Earnings as $200B Capex Plan Sparks AI Spending Debate
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal
Toyota’s Surprise CEO Change Signals Strategic Shift Amid Global Auto Turmoil
FDA Targets Hims & Hers Over $49 Weight-Loss Pill, Raising Legal and Safety Concerns
Once Upon a Farm Raises Nearly $198 Million in IPO, Valued at Over $724 Million
Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination
Trump Backs Nexstar–Tegna Merger Amid Shifting U.S. Media Landscape 



