Amazon (AMZN) Falls 7% on Inline Earnings

Online retailer Amazon.com (Nasdaq: AMZN) reported Q2 results this evening, posting inline EPS of $0.32 and slightly worse-than-expected revenue of $4.65 billion. Compared to last year, earnings for the quarter fell 10% from $0.37 while sales rose 14%. The company said free cash flow for the trailing twelve months rose 89% to $1.54 billion.

Amazon also issued Q3 sales guidance of $4.75-$5.25 billion, which compares to the current Street estimate of $4.92 billion.

Shares of Amazon are dipping sharply in the after-hours session, currently down 7.8% to $87.55.

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