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Amazon Faces Mixed Q3 Results as Revenue Grows but Q4 Sales Projections Fall Short

Amazon Faces Mixed Q3 Results as Revenue Grows but Q4 Sales Projections Fall Short

Amazon projects fourth quarter sales below estimates
Amazon projects fourth quarter sales below estimates

Amazon’s downbeat outlook raises concerns of slowing retail sales in the holiday season, hit by higher gasoline prices and rising inflation

Amazon to report Q3 earnings after the bell with AI spend under scrutiny
Amazon to report Q3 earnings after the bell with AI spend under scrutiny

Amazon Web Services sales are projected to grow 38%, marking a fifth consecutive quarter of revenue expansion.

Amazon AWS revenue grows 39%, leading to wider margin
Amazon AWS revenue grows 39%, leading to wider margin

Amazon's cloud signed deals with Meta and OpenAI during the quarter, helping revenue to exceed consensus.

We're cutting our Amazon price target after a rough quarter. But it isn't all bad
We're cutting our Amazon price target after a rough quarter. But it isn't all bad

Amazon on Thursday evening delivered a rare double miss.

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