Amazon misses Q3 profit and revenue forecasts

nl.investing.com (Dutch) —

Amazon.com reported third-quarter earnings and revenue that missed analyst expectations on Thursday, with earnings per share of $1.89 and revenue of $201.9 billion versus forecasts of $1.96 and $202.1 billion. Shares fell 10.48% to $218.24 in after-hours trading. The results place Amazon among major consumer cyclical stocks reporting this month, following Tesla's October 21 beat with EPS of $0.48 on $28.05 billion revenue, and Fast Retailing ADR's October 8 earnings of $0.2395 per share on $5.67 billion revenue. Amazon shares remain up 5% year-to-date, underperforming the Dow Jones, which has gained 8% in the current year.


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