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Amazon Third-Quarter Earnings Miss Estimates, Stock Drops
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The company reported adjusted earnings of $4.23 per share, on revenue of $70 billion. Wall Street expected earnings of $4.62 on revenue of $68.8 billion.
Net sales rose 24% from the year-ago period. Amazon earnings dropped 26%, its first quarterly decline in nine quarters.
The company provided fourth-quarter revenue guidance in the range of $80 billion and $86.5 billion, or growth between 11% and 20%. That's below analyst estimates for $87.4 billion.
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https://www.investors.com/news/technolog...yptr=yahoo
![[Bild: AMZNc1dl1656.png]](https://finviz.com/publish/102419/AMZNc1dl1656.png)
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The company reported adjusted earnings of $4.23 per share, on revenue of $70 billion. Wall Street expected earnings of $4.62 on revenue of $68.8 billion.
Net sales rose 24% from the year-ago period. Amazon earnings dropped 26%, its first quarterly decline in nine quarters.
The company provided fourth-quarter revenue guidance in the range of $80 billion and $86.5 billion, or growth between 11% and 20%. That's below analyst estimates for $87.4 billion.
...
https://www.investors.com/news/technolog...yptr=yahoo
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