Amazon Misses on Earning and Revenue, Shares Tanking After Hours

Shares of Amazon

are sharply lower in after hours trade after reporting earnings that missed on both the top and bottom line,. Amazon reported a loss of 0.95 per share on 20.58 billion in revenue, with analysts expecting a loss of 0.74 cents on 20.84 billion in revenue. Shares of AMZN are currently down 8.4 percent at 286.88 in after hours trade,