No silver lining in Amazon's cloud business as results fail to excite

Amazon reported adjusted earnings of 3 cents per share on revenue of $149.2 billion.

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Analysts expected Amazon to report earnings of 17 cents per share on revenue of $145.7 billion.

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Revenue climbed 9% from the year-ago period, and compared to 15% growth in the prior quarter.

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Amazon stock fell 4.3% to 108.08 during after-hours trading on the stock market today.

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Advertising revenue climbed 19% to $11.6 billion, slightly ahead of estimates.

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In January, Amazon confirmed it was laying off 18,000 employees, the biggest cut in its 28-year history.

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