Amazon earnings live: Q3 earnings miss sends stock lower
Amazon reported its third quarter earnings Thursday.
Amazon (AMZN) reported third quarter results Thursday, missing on the top and bottom lines, sending the stock falling.Amazon says Q4 net sales will come in between $240 billion and $247 billion versus expectations of $244.5 billionFor the quarter, Amazon saw earnings per share (EPS) of $1.89 on revenue of $201.9 billion. Analysts projected EPS of $1.97 on revenue of $202.25 billion, according to Bloomberg's analyst consensus estimates. The company reported EPS of $1.95 and revenue of $180.16 billion in the same period last year.Amazon stock fell more than 9% on the news.AWS revenue came in at $45.9 billion versus expectations of $45.68 billion, while online store sales hit $68.47 billion. Wall Street was anticipating $69.6 billion. Amazon's advertising business saw sales of $19.6 billion.
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