Amazon misses second-quarter profit estimates

(Reuters) - Amazon.com Inc fell short of second-quarter profit estimates on Thursday as the world's biggest online retailer faces fierce competition from Walmart and other e-commerce players globally and invested more in marketing and faster delivery. The company forecast net sales in the range of $66 billion and $70 billion for the third quarter. Analysts were expecting revenue of $67.27 billion, according to IBES data from Refinitiv

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