Amazon’s Q2 outlook sent its shares down over 4% in after-hours trading despite the revenue beat
The online retailer reported strong first-quarter earnings yesterday, beating Wall Street estimates. Amazon’s Q1 revenue jumped 9% since the quarter didn’t see the impact of the new tariffs on China.
But the company dimmed its guidance, anticipating the levies would affect its subsequent quarter. The e-commerce giant sources many products it sells on its website from China.
The outlook sent Amazon shares down over 4% in after-hours trading.