SÃO PAULO-Amazon reported a loss of $ 7 million in the second quarter, reversing a profit of $ 7 million for the same period last year. The result was much worse than estimated by analysts, who projected profit of $ 28.3 million.
The company's net sales showed a high of 22%, reaching $ 15.7 billion, but operating expenses grew at a faster pace, of 25%, which impacted the results for the second quarter. In addition to weaker balance in the period, Amazon gave projections for the current quarter that were below the expected by analysts. The company expects sales between $ 15,45 billion and $ 17,15 billion, against a consensus of $ 17 billion.
The roles of company trading with more than 2% drop in business carried out after the close of Nasdaq trading.
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