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.

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