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Amazon Stock on Pace for Worst Day in More Than a Year

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thewrap.com

Amazon reported Q2 revenue of $113 billion — the company’s third straight quarter with sales of $100 billion or more — but that still came in a few billion dollars shy of what analysts had projected.

Compounding matters, the company forecasted it would bring in $106-$112 billion next quarter, which was $6-$8 billion below what analysts were hoping to hear.

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