in

Amazon shares tumble after third-quarter outlook disappoints

Amazon shares tumble after third-quarter outlook disappoints

Andy Jassy, chief executive officer of Amazon.Com Inc., during the GeekWire Summit in Seattle, Washington, U.S., on Tuesday, Oct. 5, 2021.

David Ryder | Bloomberg | Getty Images

Amazon shares closed down about 8.7% on Friday, a day after the company reported mixed second-quarter results and gave a forecast for the third quarter that fell short of Wall Street’s expectations.

Revenue in the second quarter rose 10% from a year earlier to $147.98…


Posted by Editor

Snap Shares Plummet as Weak Outlook Intensifies Ad Competition Fears

Snap Shares Plummet as Weak Outlook Intensifies Ad Competition Fears

Cowboys' Dak Prescott again offers big hint about future

Cowboys’ Dak Prescott again offers big hint about future