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Why Amazon Stock Is Plummeting Today

TheMotleyFool

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Why Amazon Stock Is Plummeting Today: https://g.foolcdn.com/editorial/images/827788/chipai.jpg

Shares of Amazon (NASDAQ: AMZN) are falling on Friday, down 8.3% as of 3:28 p.m. ET. The move comes as the S 500 and Nasdaq Composite have lost 1.7% and 2.3%, respectively.

Amazon released its Q2 financials, which, while beating many of Wall Street's expectations, fell short of lofty targets in a few key areas. News of additional tariffs is also affecting shares.

Amazon's Q2 earnings report revealed the company beat consensus estimates for both earnings per share and revenue. The company delivered $1.68 per share on $167.70 billion in sales, while $1.33 per share on $162.09 billion was expected.

Source Fool.com

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