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via finance.yahoo.comMarkets

Amazon shares slip after Q3 earnings miss expectations

FROM THE WIRE · FINANCE.YAHOO.COM

Shares of Amazon.com AMZN slipped 1.4% in the last trading session, recovering from a plunge of more than 6% in after-hours trading on Oct. 29, following the release of its third-quarter results. The tech giant's rising free cash outflow marred the AWS unit's fastest sales…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishAmazon's revenue and profit miss weighs on a mega-cap stock and the broader tech sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Amazon missed Wall Street expectations on both revenue and profit in the third quarter.
  2. 02Rising free cash outflow offset AWS's fastest sales growth in nearly five years.
  3. 03The stock fell after results and partly recovered by Friday's close.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Amazon.com, Inc.AMZNStock246.71 USDMarket closedtoday +2.65%Negative VanEck Consumer Discretionary TruSector ETFTRUDETF26.11 USDMarket closedtoday +2.21%Neutral ProShares - Online Retail ETFONLNETF57.80 USDMarket closedtoday +2.15%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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