Amazon Stock Slides After Tech Giant Issues Lower-Than-Expected Q2 Forecast

Core Insights - Amazon acknowledged the uncertain economic climate by providing guidance in its quarterly earnings report that did not meet Wall Street expectations [1] - The company reported first-quarter earnings of $1.59 per share and revenue of $155.7 million, with both figures surpassing analysts' forecasts [2] - Amazon's advertising services revenue grew by 18% year-over-year, reaching $13.9 billion, driven by a significant push into video advertising [2] - Following the earnings release, Amazon's shares fell nearly 4% in after-hours trading [3] - CEO Andy Jassy expressed satisfaction with the company's innovation and customer experience improvements, notably avoiding any mention of economic conditions [4] - A recent press report indicated Amazon's plan to display exact tariff amounts on products, which drew criticism from the White House amid concerns over tariffs affecting businesses and consumers [5]