Amazon reports weaker-than-expected earnings and shares fall
Amazon reported $201.9 billion in third-quarter revenue and a drop in net income, with AWS growing rapidly and shares falling 8% after-hours.
- Amazon expects to end its 2026 with cash capital expenditures of about $220 billion.
- Amazon recorded US$201.9 billion in total revenue in the third quarter.
- Amazon shares temporarily dropped around eight percent in after-hours trading.
- Amazon's cloud division grew faster than in nearly five years.
- Amazon's net income decreased year-over-year from $21.19 billion to $20.69 billion.
Outlets: China Labour Bulletin, Fortune, Free Malaysia Today, Handelsblatt, International: Top News And Analysis, Moneyweb, ORF News (Austria), RTL Today, Seznam Zprávy, Stern, TechCrunch
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