Amazon.com, Inc. (ticker: AMZN) reported second-quarter earnings after the bell on Thursday, beating revenue but whiffing on earnings per share (EPS) estimates. AMZN stock slipped in after-hours trading, falling 2.5%.
The iconic online shopping giant posted EPS of $5.22, lower than the $5.57 per share analysts expected. Revenue clocked in at $63.4 billion, up 20% year-over-year. Wall Street expected revenue of $62.48 billion in the quarter.
Heading into the release, the e-commerce leader was one of the top mega-cap tech performers of 2019. At the close of trading on Thursday, Amazon shares were up 33% year-to-date, bringing its market cap to $992 billion and making it the second-most valuable company on Earth.