AMZN : Amazon Falling After Earnings Report

Amazon (AMZN), introduced its third-quarter earnings results on Thursday after the closing bell. The business reported net revenue of $231 million, or $0.51 per share, compared to $199 million, or $0.45 each share, within the year in the past period. This came in forward of analysts’ consensus estimates of $0.48.

Net gross sales were up 39% to $7.56 billion in Q3 versus $5.45 billion in last year’s third quarter. This also beat Wall Street estimates which had been set at $7.35 billion.

Looking ahead to Q4, the company’s management sees net sales between $12 billion and $13.3 billion. This compares with analysts’ Q4 estimates of $12.3 billion.

In the following hrs buying and selling session, AMZN shares have fallen 3.79% to $158.72.

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