Shares of Amazon (NASDAQ: AMZN) stock declined by 4% through 10 a.m. EDT Friday morning after the e-commerce giant missed expectations for sales and earnings in the third quarter -- and announced weak guidance for the fourth quarter to boot.
Heading into the fourth quarter, analysts had forecast Amazon would report an $8.92-per-share profit for Q3, on sales of $111.6 billion. Last night, Amazon reported earnings totaling only $6.12, and its sales came in at $110.8 billion.
Image source: Getty Images.
Source Fool.com