Amazon, Google, Snap: Everything that matters this morning
Record profit for Amazon but shares fall
Amazon has reported a record profit of $2.88bn for the third quarter compared to $256m this time last year. It is the fourth consecutive quarter profit has been above $1bn.
However, shares in the company fell 8% due to revenue growth being lower than expected and a disappointing sales forecast for the Christmas season.
While sales grew 29% to $56.6bn in Q3, the online giant is forecasting growth of just 10% to 20% in the final three months of the year.
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