Amazon Delivers Cloud Miss
Amazon is the latest tech giant to report earnings, flailing wildly after the bell as investors digested mixed third-quarter results. 👀
The company’s adjusted earnings per share of $0.94 topped the $0.58 expected, as did revenues of $143.1 billion ($141.4 expected). Advertising was a bright spot, with revenues of $12.1 billion vs. estimates of $11.6 billion.