This Was the Worst Number in Amazon's Earnings Report. Should It Scare You?
Internet king Amazon (NASDAQ: AMZN), like pretty much all retailers, is feeling the heat of supply chain challenges. Its third-quarter earnings were a rare miss on expectations and the short-term outlook looks grim. Fortunately for investors, the market didn't take the news too badly, and the stock only fell about 4% after earnings were released.
The worst news in the report was the fourth-quarter outlook for operating income, which is expected to be between zero and $3 billion. That would be a huge letdown. But should it scare investors?
Image source: Amazon.
Source Fool.com
