March 28, 2023
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Amazon’s revenue rose 15%, operating profit fell 48%, and the stock price fell 12% after the market

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.

Ewen Eagle

I am the founder of Urbantechstory, a Technology based blog. where you find all kinds of trending technology, gaming news, and much more.

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