Amazon.com reported its Q3 FY2022 earnings on Thursday, October 27th.
Amazon.com reported its Q3 FY2022 earnings on Thursday, October 27th.
The Company reported earnings per share of $0.28 for the quarter, beating expectations by $0.07.
The Company reported earnings per share of $0.28 for the quarter, beating expectations by $0.07.
The company reported total revenue of 127.46 billion compared to 127.1 billion estimated.
The company reported total revenue of 127.46 billion compared to 127.1 billion estimated.
However Amazon shares fell 13% after, company issued disappointing fourth-quarter guidance and missed sales expectations.
However Amazon shares fell 13% after, company issued disappointing fourth-quarter guidance and missed sales expectations.
There were signs of weakness in the company's retail business, with a much slower than expected holiday sales season.
There were signs of weakness in the company's retail business, with a much slower than expected holiday sales season.
This is the second time this year that Amazon has had a disappointing performance that has sparked a double-digit selloff. In April weak second-quarter guidance sent the stock down 14%.
This is the second time this year that Amazon has had a disappointing performance that has sparked a double-digit selloff. In April weak second-quarter guidance sent the stock down 14%.