Amazon.com Dumps After-Hours on Q3 Earnings Results

Shares of Amazon.com

are trading lower in the after-hours following the release of the company's Q3 earnings results. Currently, shares are lower by 16.60%, trading at $189.44; they ended the regular session lower by 4.40%, at $227.15. Amazon.com reported Q3 EPS of $0.14 on revenues of $10.88 billion. Revenues increased 44% year over year; excluding FX revenues would have increased 39% YoY. Q3 operating margin was 0.7%. The company sees Q4 sales in the range of $16.45-18.65 billion. Q4 operating PnL is expected to range from a $200 million loss to a $250 million profit. "September 28th was the biggest order day ever for Kindle, even bigger than previous holiday peak days -- we introduced Kindle Fire for $199, Kindle Touch 3G for $149, Kindle Touch for $99, and our all new Kindle for only $79," said Jeff Bezos, founder and CEO of Amazon.com. "In the three weeks since launch, orders for electronic ink Kindles are double the previous launch. And based on what we're seeing with Kindle Fire pre-orders, we're increasing capacity and building millions more than we'd already planned." Amazon.com, Inc. is a customer-centric company for three primary customer sets: consumers, sellers and enterprises. In addition, the company generates revenue through other marketing and promotional services, such as online advertising, and co-branded credit card agreements.