Amazon reported second quarter sales on Thursday after, with sales rising 25 percent to $38 billion, as earnings were in line with the wide-ranging guidance but towards the lower side where analysts had been hopeful for hitting the end. That translates into operating income of $628 million — down 51 percent — and net income of $197 million, down significantly from $857 million a year ago. Profits are expected to remain low in the quarter to come, with the company forecasting anywhere from a loss of ($400 million) to a gain of $300 million, with the stock down lightly after […]
