CNBC reports:
Amazon shares dropped more than 4.3% in extended trading on Thursday after the company reported weaker-than-expected results for the third quarter and delivered disappointing guidance for the critical holiday period.
– Earnings: $6.12 vs $8.92 per share expected, according to analysts surveyed by Refinitiv
– Revenue: $110.81 billion vs $111.6 billion expected, according to analysts surveyed by Refinitiv
For the fourth quarter, Amazon forecast sales between $130 billion and $140 billion, representing growth between 4% and 12%. …
The post CNBC: Amazon badly misses on earnings & revenue, gives disappointing Q4 guidance appeared first on The Loadstar.
Source: The Loadstar
Be the first to comment on "CNBC: Amazon badly misses on earnings & revenue, gives disappointing Q4 guidance"