LIVE: Amazon Falls After Missing On Earnings (AMZN)

July 24, 2014 at 15:51 PM EDT

It's a miss on earnings, but revenue is right in line. In immediate reaction, the stock is falling.

We're reading through the release, but for now, here are the numbers via the Bloomberg terminal:

EPS: -$0.27 (analysts were expecting a loss of $0.15). That's a miss.
Revenues: $19.34 billion (analysts were expecting $19.34 billion). That's right in line, and an increase of 23% year-over-year.
Revenue guidance for next quarter: $19.7 billion - $25 billion, which is about in-line with what analysts were expecting.

The operating loss for Q2 was $15 million, compared with operating income of $79 million in second quarter 2013. The net loss was $126 million. Operating loss guidance for next quarter is between $810 million and $410 million, compared to $25 million in third quarter 2013. This guidance includes about $410 million for stock-based compensation.

Stock is down just under 6% after-hours.

Here's the official statement from CEO Jeff Bezos:

We continue working hard on making the Amazon customer experience better and better. We’ve recently introduced Sunday delivery coverage to 25% of the U.S. population, launched European cross-border Two-Day Delivery for Prime, launched Prime Music with over one million songs, created three original kids TV series, added world-class parental controls to Fire TV with FreeTime, and launched Kindle Unlimited, an eBook subscription service. For our AWS customers we launched Amazon Zocalo, T2 instances, an SSD-backed EBS volume, Amazon Cognito, Amazon Mobile Analytics, and the AWS Mobile SDK, and we substantially reduced prices. And today customers all over the U.S. will begin receiving their new Fire phones — including Firefly, Dynamic Perspective, and one full year of Prime — we can’t wait to get them in customers’ hands.

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