Amazon's (NASDAQ: AMZN) third-quarter earnings report was decidedly un-Amazonian. The tech giant said that revenue growth slowed to just 15% in the third quarter to $110.8 billion, missing expectations, while operating income fell by 21% to $4.9 billion. The company had warned that top-line growth would fade as it lapped the pandemic surge and as the economy normalizes, but investors still seemed unprepared for the slowdown -- the stock was down as much as 5% on Friday morning. Read More...
Amazon’s (NASDAQ: AMZN) third-quarter earnings report was decidedly un-Amazonian. The tech giant said that revenue growth slowed to just 15% in the third quarter to $110.8 billion, missing expectations, while operating income fell by 21% to $4.9 billion. The company had warned that top-line growth would fade as it lapped the pandemic surge and as the economy normalizes, but investors still seemed unprepared for the slowdown — the stock was down as much as 5% on Friday morning.
Add Comment