Springfield, MO

Log in Subscribe

Amazon's profits falter

Posted online

Amazon reported third quarter net income of $2.1 billion, a 26% drop from $2.9 billion a year earlier.

Earnings per share of $4.23 were below analysts' predictions of $4.62 per share. Company officials pointed to increased expenses, including spending on its advertising sales force.

Revenue of $70 billion beat expectations of $68.8 billion.

Read more from CNBC.


No comments on this story |
Please log in to add your comment
Editors' Pick
Ongoing airport investments top $50M, officials say

General aviation terminal expansion is set to wrap by August.

Most Read
Update cookies preferences