Amazon.com forecast second-quarter revenue below Wall Street expectations Tuesday, as it expects tepid spending from cost-conscious businesses on its cloud-computing services.
Amazon 's first-quarter sales of $143.3 billion were 13% higher than the $142.5 billion average according to LSEG data.
The company expects revenue of $144.0 billion to $149.0 billion for the current quarter ending June, compared with analyst consensus expectations of $150.07 billion, according to LSEG data. That compares with a rise in cloud-computing revenue of 31% for Microsoft and 28% for Alphabet for the January-to-March period.
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