Amazon Revenue Climbs 9%, But Outlook Sends Shares Lower

Source: International Business Times

Amazon reported an increase in revenue, but its outlook disappointed investors AFP Amazon reported a nine percent rise in first-quarter revenue on Thursday, but its outlook fell below expectations as potential impact from the US-China trade war rattled investors. The online retail behemoth said sales hit $155. 7 billion in the January-to-March period, but its share price dropped as much as four percent in after-hours trading on Wall Street.