Quantcast
Channel: Business Insider
Viewing all articles
Browse latest Browse all 70894

LIVE: Amazon Tanks After Earnings Miss

$
0
0

jeff bezos podium

Amazon earnings are out!

Here's the score:

Revenue: $25.59 billion vs. $26.06 billion (Wall Street estimate)

EPS: $0.51 vs. $0.66 (Wall Street estimate)

Profit: $239 million

The stock is down after hours as much as 10.9% after the miss on EPS. However, sales are very impressive, up 20% from the year-ago quarter.

It's an important quarter for Amazon, since this earnings report will reflect sales during the super-important holiday season.

There's also some speculation that Amazon will announce a program to start using Kindle Fire tablets as payment kiosks thanks to a partnership with Jack Dorsey's company Square. The Wall Street Journal reported on Wednesday that the program was in the works.

The earnings call begins at 5 p.m. Eastern and we'll have more for you shortly.

Click here to refresh this page for the latest updates.

Join the conversation about this story »


Viewing all articles
Browse latest Browse all 70894

Trending Articles



<script src="https://jsc.adskeeper.com/r/s/rssing.com.1596347.js" async> </script>