Amazon shares drop after cloud unit results disappoint
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Amazon shares drop after cloud unit results disappoint
Shares in Frankfurt dropped by more than 7% in opening trade. Amazon stock plunged by over 7% after-hours on Thursday, having ended the regular trading session up 1.7% at $234.11.
LONDON, Aug 1 (Reuters) – Amazon shares (AMZN.O) , opens new tab fell 7% on Friday in Europe after the company delivered an upbeat outlook for third-quarter sales , but missed expectations for its cloud computing unit, after its competitors easily beat Wall Street forecasts.
Shares in Frankfurt dropped by more than 7% in opening trade. Amazon stock plunged by more than 7% after-hours on Thursday, having ended the regular trading session up 1.7% at $234.11.
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Reporting by Amanda Cooper; Editing by Alun John
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