Amazon Stock Slides After Tech Giant Issues Lower-Than-Expected Q2 Forecast

Amazon made a tacit acknowledgement of the uncertain economic climate, offering guidance in its quarterly earnings report that fell short of Wall Street expectations. The guidance for second-quarter operating income was included in the company’s report of first-quarter results, which saw earnings and revenue both beat analysts’ forecasts. Earnings came in at $1.59 per share on an adjusted basis, with revenue of$155.7 million. The revenue figure slightly exceeded expectations, while earnings cleared the ba ...