Amazon earnings miss expectations, stock tanks 20%

Amazon earnings miss expectations, stock tanks 20%

Amazon (AMZN) shares tanked nearly 20% in after-hours trading on Thursday after it reported misses on revenue and sales for its Amazon Web Services cloud business, along with disappointing fourth-quarter guidance.

Here’s what came down from the e-commerce giant after the bell:

Revenue: $127.1 billion actual versus $127.63 billion expected

Adjusted Earnings Per Share (EPS): 28 cents actual versus 22 cents expected

Amazon Web Services (AWS) Net Sales: $20.5 billion actual versus $21 billion…


Source link

About search

Check Also

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

European Stocks Drop With US Tech Rally Faltering: Markets Wrap – Yahoo Finance

[unable to retrieve full-text content]European Stocks Drop With US Tech Rally Faltering: Markets Wrap  Yahoo Finance …

Leave a Reply

Your email address will not be published. Required fields are marked *