Amazon Stock Price Lost 6% After Q2 Results: AMZN

Amazon, AMZN, posted a 10% decline in profits from last year in Q2, after the company reported its Q2 financials after the stock market closed today. AMZN has projected sales expectation inline with leading analysts.

• AMZN - Net income $142 million - Down 10% from Q2 2008
• AMZN - Earnings per share $0.32 - Down from $0.37 EPS Q2 2008
• AMZN - Operating Income 4 159 million - Down 27% Q2 2008
• Foreign exchange rate fluctuations
  

• AMZN - Net Sales increased 14%  - excluding Forieg exchange rate flucutations net sales woudl increase 20%