“Amazon.com Inc. sales growth slowed down in the second quarter of the year as brick-and-mortar stores reopened across the U.S., sending shares south in after-hours trading Thursday.
“Amazon AMZN, -0.84% reported second-quarter earnings of $7.78 billion, or $15.12 a share, up from $10.30 a share a year ago, when shelter-in-place requirements from the COVID-19 pandemic began and led to big uptakes in e-commerce.
“Sales grew to $113.1 billion from $88.9 billion a year ago, missing expectations as sales that had been growing more than 40% in recent quarters fell to growth of 27%.
“Analysts on average expected earnings of $12.28 a share on sales of $115.4 billion, according to FactSet. Amazon shares declined more than 7% in after-hours trading, and other e-commerce stocks joined in: Etsy Inc.
“ETSY, -1.95% declined more than 2%, Shopify Inc. SHOP, -0.85% fell more than 1% and eBay Inc. EBAY, +0.71% decreased about 0.9%.”
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