Amazon.com Earnings Miss, Revenue Beats In Q3

Investing.com – Amazon.com (NASDAQ:) reported third quarter that missed analysts’ expectations on Thursday and revenue that topped forecasts.

The firm reported earnings per share of $4.23 on revenue of $69.98B. Analysts polled by Investing.com anticipated EPS of $4.59 on revenue of $68.82B. That compared to EPS of $5.75 on revenue of $56.58B in the same period a year earlier. The company had reported EPS of $5.22 on revenue of $63.4B in the previous quarter.

Amazon.com shares lost 5.41% to trade at $1,685.01 in after-hours trade following the report.

Amazon.com follows other major Services sector earnings this month

On Thursday, Comcast reported third quarter EPS of $0.79 on revenue of $26.83B, compared to forecasts of EPS of $0.74 on revenue of $26.81B.

McDonald’s earnings missed analysts’ expectations on Tuesday, with third quarter EPS of $2.11 on revenue of $5.43B. Investing.com analysts expected EPS of $2.21 on revenue of $5.49B

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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