Amazon shares dropped more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for the third quarter and delivered disappointing guidance for the critical holiday period. Futurum’s co-founder Daniel Newman dives into the results and what this means for the company.
Amazon Q3 Blows Away Expectations, AWS Keeps Momentum
Amazon delivered above analyst expectations in its fiscal Q3 beating earnings by more than 60%. AWS grew by 29% going above $11.6 billion.