Amazon Q3 Earnings Down, Stock Down In Volatile After Hours Trading

It was down and down for Amazon with its Q3 results today, when the online retailer reported that it missed estimates for sales and earnings. Amazon reported $13.18 billion in revenue for Q3, up 27% from a year ago but lighter than the $13.93 billion expectation. Excluding the 37 cents-a-share loss related to the company’s investment in locally based discount siteĀ LivingSocial, Amazon lost 23 cents a share in the quarter, much worse than the consensus expectation of an 8 cent loss. Shares in the online and cloud giant fell as much as 9% in volatile after-hours trading — it currently sits at around -3% at $220.70 a share. (more…)

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