Amazon shares sink despite record profit of nearly $3bn

Amazon shares sink despite record profit of nearly $3bn

6 years ago
Anonymous $oIHRkISgaL

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.