As one of the survivors of the dot-com era, Amazon.com, Inc. (NASDAQ:AMZN) has been living proof that investors will put up with losses almost indefinitely as long they believe in the company’s long-term narrative, but the bulls were shaken by second quarter earnings when 23% earnings growth was overshadowed by 24% higher earnings, resulting $126 million in losses, nearly double what the market was expecting. Then when Amazon issued guidance that the company would lose between $410 million and $810 million this quarter, it pushed share prices even lower, leaving them at a 10% loss from yesterday’s close.
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