Category Archives: Amazon Revenue

Amazon stock takes a beating amid lower profits and weak guidance for the holiday season

  By Sam Becker October 27, 2022   Amazon reported mixed Q3 earnings on Thursday, and Wall Street did not respond kindly. The online retail giant said revenue was $127.1 billion, an increase of 15% year-over-year, but net income fell to $2.9 billion, compared to $3.2 billion a year ago.      Notably, Amazon’s fourth-quarter … Continue reading Amazon stock takes a beating amid lower profits and weak guidance for the holiday season