Amazon Misses On Earnings And Revenue, Shares Tank
Shares of Amazon.com, Inc. (NASDAQ: AMZN) 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 on $20.84 billion in revenue.
Shares of Amazon were down 9.4 percent at $283.30.
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