04:31 PM EDT, 08/01/2024 (MT Newswires) -- Amazon.com ( AMZN ) late Thursday reported second-quarter revenue that trailed Wall Street's estimates while the e-commerce giant's earnings came in higher than expected.

Sales increased 10% year-over-year to $147.98 billion but fell short of the Capital IQ-polled consensus view of $148.76 billion. Per-share earnings jumped to $1.26 for the quarter through June 30 from $0.65 a year earlier, topping the Street's $1.03 GAAP forecast.

The stock was down 4.9% in after-hours trading activity.

Sales at cloud-computing platform Amazon Web Service rose 19% annually to $26.28 billion. Overall, North American sales climbed 9% to $90.03 billion, while international operations gained 7% to $31.66 billion.

Consolidated operating income increased to $14.67 billion in the second quarter from $7.68 billion a year earlier.

The company expects third-quarter sales of $154 billion to $158.5 billion, reflecting annual growth between 8% and 11%. Analysts polled by Capital IQ are looking for $158.33 billion.

Amazon ( AMZN ) projected operating income between $11.5 billion and $15 billion in the current quarter, compared with $11.2 billion in the year-ago period.

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