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