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…


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