Amazon stock falls on disappointing profits

Posted online October 28, 2016 | 11:27 am

Amazon's stock fell as much as 7 percent in after-hours trading yesterday after the company announced lower-than-expected profits.

Third-quarter earnings were $252 million, or 52 cents per share. Analysts had predicted 78 cents per share.

The company's fourth-quarter earnings guidance also was lower than estimates.

Read more from CNNMoney.

Interim CEO starts at Ozarks Regional YMCA

Comments

No comments on this story |

Please log in to add your comment

Editors' Pick

Open for Business: Crumbl Cookies

Utah-based gourmet cookie chain Crumbl Cookies opened its first Springfield shop; interior design business Branson Upstaging LLC relocated; and Lauren Ashley Dance Center LLC added a second location.

Most Read