LIVE: Amazon Shares Are Tanking After Disappointing Earnings

Jeff BezosReutersAmazon’s Jeff Bezos

Amazon just reported its Q3 earnings.

Here are the numbers:

  • EPS: -$US0.95 (analysts were expecting a loss of $US0.74).
  • Revenues: $US20.58 billion (analysts were expecting $US20.84 billion). That’s an increase of 20% year-over-year.

This is a loss on both the top and bottom line.

Operating loss was $US544 million in the third quarter (the company had predicted between $US410 and $US810 million). The company reported an operating loss guidance of $US570 million for Q4.

The stock is down nearly 7% after-hours.

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Disclosure: Jeff Bezos is an investor in Business Insider through his personal investment company Bezos Expeditions.

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