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Amazon Plunges After Missing Earnings, Guides Below Expectations

Friday, October 28, 2016 4:10
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(Before It's News)

zerohedge.com / by Tyler Durden / Oct 27, 2016 4:14 PM

It seems the Jeff Bezos magic may have run out (if only for the time being).

After several quarters of smashing expectations, moments ago Amazon tumbled as much as 9% after reporting EPS of $0.52, far below the $0.85 expected, on revenue of $32.7 billion, in line with estimates, and up 29% from a year earlier.  Operating income also missed, printing at $575 million, below the $690.5 million expected.

The guidance was also troubling, with the company now expecting Q4 operating income between $0 and $1.25 billion, below the street’s expectation of $1.7 billion, on revenue of $42 to $45.5 billion, roughly in line with consensus of $44.6 billion.

The full guidance:

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The post Amazon Plunges After Missing Earnings, Guides Below Expectations appeared first on Silver For The People.

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