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Amazon Stock Falls on Earnings Miss, Light Holiday Sales Outlook

(AMZN) shares are sliding after hours Thursday after the e-commerce giant reported weaker-than-expected third-quarter results and provided lower-than-expected fourth-quarter sales guidance. Amazon finished the quarter with 750,000 employees, up 97,000 from the second quarter. The company said Amazon Web Services revenue was $9.0 billion in the quarter, up from $6.68 billion a year ago, with AWS operating income at $2.26 billion, versus $2.098 a billion a year ago. Read More...

(AMZN) shares are sliding after hours Thursday after the e-commerce giant reported weaker-than-expected third-quarter results and provided lower-than-expected fourth-quarter sales guidance. Amazon finished the quarter with 750,000 employees, up 97,000 from the second quarter. The company said Amazon Web Services revenue was $9.0 billion in the quarter, up from $6.68 billion a year ago, with AWS operating income at $2.26 billion, versus $2.098 a billion a year ago.

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