Amazon sales up 22% in Q2 but surprise loss sends stock reeling | Internet & Media - CNET News

Somehow "off more than 2 percent" => "reeling"? I won't be surprised if AMZN closes up for the day today.

"Wall Street does not like these sorts of surprises and the knee-jerk reaction was to head for the exits. The stock was off more than 2 percent in after-hours trading. Earlier Amazon's stock finished up nearly 1.5 percent to close at $303.40 during the regular trading session.
The company did not immediately address the loss. In a prepared statement, CEO Jeff Bezos said:
We're so grateful to our customers for their response to Kindle devices and our digital ecosystem. This past quarter, our top 10 selling items worldwide were all digital products - Kindles, Kindle Fire HDs, accessories and digital content."

Amazon sales up 22% in Q2 but surprise loss sends stock reeling | Internet & Media - CNET News