Overview

• Amazon's Q2 revenue increased to $148 billion, with net income doubling to $13.5 billion.
• Stock dropped over 9% in after-hours trading due to disappointing Q3 guidance.
• CEO Andy Jassy noted a trend of customers opting for lower-priced items.
• Amazon's fulfillment network is expanding with 170 new warehouses planned.
• Amazon Web Services and advertising segments showed strong growth but fell short of some expectations.