Amazon shares dipped in Friday’s premarket session amid the adverse reactions after the disappointing results posted on Thursday. The company was down over 8%.
Despite revealing that its total net sales expanded by 7.3% to $116.44 billion, the company’s operating income contracted to $3.67 billion, with a net loss reaching $3.84 billion or $7.56 a share after the giant reported earnings of $15.79 a share a year ago. The latter represents the first loss in seven years.
Amazon shares were down by 8.43% at 4:51 am ET at $2,648.00.