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But it was Amazon’s weak guidance that sent the stock tumbling 7.1% in after-hours trading.
In its earnings press release, Amazon said it now expects fourth-quarter sales to be between $66.5 billion and $72.5 billion. The midpoint of that range, $69.5 billion, is well short of the $73.8 billion that Wall Street has been expecting. Amazon’s fourth-quarter forecast for operating income of $2.1 billion to $3.6 billion (with a midpoint of $2.85 billion) was also well short of the $3.86 billion estimate.
originally posted by: underwerks
a reply to: toysforadults
It’s really a shame that most people are so blinded by politics they refuse to see this coming. A lot of people are in for a rude awakening.