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.

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1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).