Amazon's Share Price Plunged 8% In The Three Quarter

After the three quarter, share prices once dropped 8%.

Today's earnings report shows that Amazon's earnings per share in the three quarter were $0.52, less than expected $0.78, and revenue was $32 billion 700 million, slightly smaller than expected.

In the three quarter, Amazon's net profit was $252 million, making it profitable for the sixth consecutive quarter.

This is unusual for Amazon.

Previously, the company often put profits into new growth opportunities.

However, Amazon profits in the three quarter were 857 million dollars in the previous quarter, ending the three consecutive quarterly profit record.

The company's operating income was $575 million, an increase of 41% over the same period last year.

Amazon expects revenue for the fourth quarter to be US $42 billion -455 billion, lower than analysts' expectations of 421.8-462.7 billion.

Amazon Web Services

AmazonWebServices earned $3 billion 230 million in the three quarter, up from analysts' expectations of $3 billion 170 million.

Business is still the most profitable business of Amazon.

The business revenue in the three quarter was US $861 million, an increase of over 50% over the same period.

The company's share price fell sharply after 8%.