24-10-2019 23:31 via feedproxy.google.com

After its first earnings miss in two years, Amazon shares get walloped in after-hours trading

Amazonshares fell by nearly 7%, or $118.38, in after-hours trading on Thursday after the company reported its first earnings miss in two years.
Financial analysts had predicted that the launch of one-day shipping would eat into Amazon’s earnings, but even with the forewarning investors pummeled the stock after the market closed. It didn’t help that the company predicted revenues for the fourth quarter — including the all-important holiday season — also look soft.
The good
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