Amazon shares plunge 8% on weak sales forecast

Amazon shares plummeted more than 9% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts' estimates.

Here's how the company did:

Loss: Loss per share of $7.56Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv

It is not immediately clear if the reported earnings per share are comparable to analyst estimates. Analysts were expecting earnings of $8.36 per share, according to Refinitiv.

Amazon said it expects second-quarter revenue of $116 billion to $121 billion. Analysts were projecting sales of $125.5 billion, according to Refinitiv.

Here's how other key Amazon segments did during the quarter:

Amazon Web Services: $ 18.44 billion, $18.27 billion expected, according to StreetAccountAdvertising: $7.88 billion, $8.17 billion expected, according to StreetAccount

This story is developing. Check back for updates.

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