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Amazon Shares Fall After 2Q Earnings Miss

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Description
FBN’s Robert Gray breaks down Amazon’s second-quarter earnings results.
Duration 0:53
Date Jul 26, 2012

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I'm Robert -- with your Fox Business -- Shares of Amazon.com.

Have been plunging after hours its second quarter results fell short of expectations.

And revenue guidance was conservative the online retailers operating margin shrank as it builds out its network and distribution systems.

Starbucks has been sliding after slashing its profit forecast for the current quarter due to global economic conditions.

Starbucks also -- its first forecast for next fiscal year and it was well below the current Wall Street estimate.

The coffee chain's third quarter results also were lower than analysts' estimates.

A bullish day on Wall Street during the regular session after European Central Bank chief Mario -- promise to do whatever is necessary to hold.

The eurozone together.

And that as the latest from the Fox Business Network giving -- -- power to prosper.