Amazon's E-Commerce Empire Is Showing Cracks
Amazon's (NASDAQ: AMZN) third-quarter earnings report was decidedly un-Amazonian.
The tech giant said that revenue growth slowed to just 15% in the third quarter to $110.8 billion, missing expectations, while operating income fell by 21% to $4.9 billion. That revenue growth rate represents Amazon's slowest pace since 2015.
The company had warned that top-line growth would fade as it lapped the pandemic surge and as the economy normalizes, but investors still seemed unprepared for the slowdown -- the stock was down as much as 5% on Friday morning.
Source Fool.com
