Shares of the online retail giant slumped 0.8% after the Federal Trade Commission said it was suing Amazon over allegations of deceptively pushing customers to sign up for Prime and frustrating them in their efforts to cancel.
The delivery company fell 2.5% after quarterly revenue missed expectations and announced Chief Financial Officer Mike Lenz would retire July 31. The company posted revenue at $21.93 billion, below the consensus estimate of $22.67 billion, according to Refinitiv. Adjusted earnings were better than expected at $4.94 per share against the anticipated $4.89, while forward guidance was about flat.
