Amazon (AMZN) Lower as Q2 Sales Come in Below Expectations

Shares of Amazon.com (Nasdaq: AMZN) are trading lower by 3 percent in after-hours trading following the release of the companies 2Q earnings results. Amazon.com, Inc. reported Q2 EPS of $0.01, $0.01 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $12.83 billion versus the consensus estimate of $12.89 billion.

Third quarter revenue guidance came in slightly below what analysts were expecting at $12.8-$14.3 billion, versus the consensus of $14.1 billion.

Free cash flow decreased 40 percent to $1.10 billion for the trailing twelve months, compared with $1.83 billion for the trailing twelve months ended June 30, 2011.

Net sales increased 29% to $12.83 billion in the second quarter, compared with $9.91 billion in second quarter 2011. Excluding the $272 million unfavorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales would have grown 32% compared with second quarter 2011.

Shares of AMZN last traded at $213, down 3.2 percent.

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