Thursday, October 27, 2016

Amazon plunges on earnings miss

SAN FRANCISCO, CA - OCTOBER 20: Founder/chairman/CEO of Amazon, Jeff Bezos, speaks onstage during "The Prime of Mr. Jeff Bezos" at the Vanity Fair New Establishment Summit at Yerba Buena Center for the Arts on October 20, 2016 in San Francisco, California. (Photo by Michael Kovac/Getty Images for Vanity Fair) Amazon significantly disappointed investors when it posted third quarter earnings after the bell Thursday. With an adjusted earnings per share of 52 cents, this was well beneath the expected 78 cents. The stock quickly fell at least 6% in after-hours trading.  Revenue of $32.7 billion was in-line with what Wall Street was expecting. This came as a surprise because in recent years, the… Read More

from Amazon – TechCrunch https://techcrunch.com/2016/10/27/amazon-plunges-on-earnings-miss/?ncid=rss

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