Amazon reported its third-quarter earnings on Thursday (10/27), showing that the quarter recorded revenue of $127.1 billion, a 15% increase from the same period last year, but operating income for the quarter was $2.53 billion , a decrease of 48%. Amazon’s earnings per share for the quarter were $0.28, down from $0.31 in the same period last year. In addition, Amazon’s guidance for the next quarter did not meet expectations. The company’s stock price fell 12.73% to $96.84 in after-hours trading that day.
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