Amazon.com Shares Down 15% After-Hours

Amazon.com Inc. (NASDAQ:AMZN) shares are falling fast after-hours due to announcing Q2 earnings of $0.45 per share on revenues of $6.57 billion. That wasn't good enough for traders who were expecting the company to post earnings at $0.55 a share on 6.54 billion in revenues.

Going forward Amazon (AMZN) expects operating income is to be between $210 million and $310 million, or between 16% decline and 24% growth compared with third quarter 2009.

The guidance is not impressing investors, here's the numbers from the company:
Third Quarter 2010 Guidance

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Net sales are expected to be between $6.900 billion and $7.625 billion, or to grow between 27% and 40% compared with third quarter 2009.

Operating income is expected to be between $210 million and $310 million, or between 16% decline and 24% growth compared with third quarter 2009.

This guidance includes approximately $130 million for stock-based compensation and amortization of intangible assets, and it assumes, among other things, that no additional business acquisitions or investments are concluded and that there are no further revisions to stock-based compensation estimates.

Shares of Amazon (AMZN) are down 15%, now trading at $103 a share, losing almost $17 in after-hours trading.