Entertainment · 396 views
Amazon Shares Fall After Q3 Results Miss Wall Street Forecasts As Big Tech Market Rout Continues
Amazon shares fell as much as 9% in after-market trading Thursday after the tech giant reported third-quarter earnings below Wall Street analysts’ expectations.
Summary
Amazon shares fell as much as 9% in after-market trading Thursday after the tech giant reported third-quarter earnings below Wall Street analysts’ expectations. Earnings per share came in at $1.89 on a diluted basis, down from $1.95 in the year-ago quarter, while total revenue climbed 12% to $201.9 billion. The consensus forecast from analysts called for earnings per share of $1.97 and $202.25 billion in revenue.
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