Amazon (AMZN) shares dropped after the closing bell Thursday as the tech titan delivered third-quarter revenue guidance that disappointed investors.

The company projected current-quarter net sales between $154 billion and $158.5 billion, while analysts had called for $158.42 billion — near the top end of Amazon’s range — per Visible Alpha. The results will incorporate Amazon's 澳洲幸运5官方开奖结果体彩网:latest Prime Day sales event, w🐈hich the company ༺called its biggest ever.

Amazon’s second-quarter net sales totaled $147.98 billion, up 10% year-over-year and below expectations of $148.67 billion. 澳洲幸运5官方开奖结果体彩网:Earnings per share (EPS) were $1.26, compared to 65 cents in the year-ago quarter and the analyst consensus of $1.04. Amౠazon Web Services revenue roseౠ 19% year-over-year to $26.3 billion.

Advertising revenue gained 12% to $12.77 billion. Prime Video advertising will continue to be in focus for Amazon: Shows and movies on the platform began having 澳洲幸运5官方开奖结果体彩网:limited advertisements this year, and the NBA earlier this month accepted Amazon's reported 澳洲幸运5官方开奖结果体彩网:bid of $1.8 billion to stream a package of games. 

Amazon stock declined more than 5% in late trading Thursday after losing 1.6% during the regular session. Shares are up more than 20% in 2024.