Amazon shares sink despite record profit of nearly $3bn
https://www.theguardian.com/technology/2018/oct/25/amazon-shares-record-profit-third-quarter
Company sees fourth quarter of profits greater than $1bn but revenue growth is lower than expected
Amazon has announced a record profit for the last three months of close to $3bn. But the news on Thursday of a $1bn-a-month bonanza was not enough for Wall Street and shares sank on lower-than-expected revenue growth.
Amazon shares sink despite record profit of nearly $3bn
Oct 25, 2018, 9:15pm UTC
https://www.theguardian.com/technology/2018/oct/25/amazon-shares-record-profit-third-quarter
> Company sees fourth quarter of profits greater than $1bn but revenue growth is lower than expected
> Amazon has announced a record profit for the last three months of close to $3bn. But the news on Thursday of a $1bn-a-month bonanza was not enough for Wall Street and shares sank on lower-than-expected revenue growth.