Amazon is massive, but still 'in growth mode': Analyst

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Shares of Amazon (AMZN) are moving lower in extended trading on Thursday after the company released its second quarter results, missing out on revenue expectations but beating profit expectations, reporting adjusted earnings of $1.26 per share versus an expected $1.04 per share. The company's third quarter revenue and operating guidance also fell short of expectations.

Citizens JMP equity research analyst Nick Jones joins Market Domination Overtime to give insight into Amazon's earnings and how the company may operate moving forward.

Jones points out that AWS "outperformed" so the disappointing Q3 guidance was "a little bit of a surprise."

He continues pointing out what investors can look forward to: "Amazon still got global expansion opportunities. They continuously want to deliver things faster and faster. It's a really unique company too when you think about their advertising opportunity in combination with the retail," adding that though the company is "massive" it is "still very much in growth mode."

For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime.

This post was written by Nicholas Jacobino