Amazon stock slides 7% after Q3 earnings miss

Amazon shares dropped over 7% in after‑hours trading on Thursday after the retailer posted third‑quarter earnings and revenue that fell short of analysts’ forecasts. The results were released after the market closed. Analysts surveyed by LSEG had expected higher figures for both earnings per share and total revenue. The shortfall triggered a sell‑off that pushed the stock down in extended trading. Wall Street was also focused on other key revenue metrics, though those numbers were not disclosed in the brief report.

Context

Earnings releases each quarter can move the stock, as investors compare actual performance with consensus estimates. A miss often leads to immediate price declines in after‑hours trading.