After Hours: Google Downwards $50.59 (4.61%); Amazon Downwards $159.67 (8.95%)
That's Alphabet course of didactics C, the GOOG.
Here's Seattle's ain GeekWire on AMZN:
Amazon posts tape profits again, simply stock drops equally revenue of $56.6B falls brusk of expectations
Here's Seattle's ain GeekWire on AMZN:
Amazon posts tape profits again, simply stock drops equally revenue of $56.6B falls brusk of expectations
Amazon came inward shy of Wall Street’s revenue expectations, simply for the minute quarter inward a row posted tape profits.And:
For the tertiary quarter Amazon reported cyberspace profits of $2.9 billion — $5.75 per portion — on $56.6 billion inward revenue. Analysts expected Amazon to postal service earnings of $3.12 per portion on $57.1 billion inward revenue.
The revenue give away is upwards 29 per centum over a twelvemonth ago, spell profits came inward a whopping x times higher than final year’s figure of $256 million.
Amazon stock is downward around vi per centum inward after-hours trading, next intelligence of the revenue miss. Revenue guidance for the 4th quarter betwixt $66.5 billion together with $72.5 billion likewise came inward brusk of analyst expectations of $73.9 billion....MORE
Amazon Web Services revenue upwards 46 per centum to $6.7B, operating income upwards 77 percentWe'll hold upwards dorsum amongst Google tomorrow.
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