Amazon share price drops after earnings miss expectations

Amazon's share price dropped almost 7% in after-hours trading following an announcement on slower growth.

Amazon Echo: launched in the UK last month
Amazon Echo: launched in the UK last month

In its third quarter results, the company reported a 219% rise in net income to $252m. But at 52 cents per share this was much lower than average estimates of 78 cents per share, according to The Telegraph.

Amazon’s shares dropped to 767.50 cents a share from 818.36 cents per share when the market closed.

Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.

SUBSCRIBE

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now
Case study: How 'This girl can' got 1.6 million women exercising
Shares0
Share

1 Case study: How 'This girl can' got 1.6 million women exercising

"This girl can" was based on a powerful insight: that the fear of judgement by others is the primary barrier holding women back from participating in sport.

Just published

More