Investing.com - Amazon.com (NASDAQ:AMZN) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that fell short of forecasts.
The firm reported earnings per share of $5.75 on revenue of $56.57B. Analysts polled by Investing.com expected EPS of $3.08 on revenue of $57.09B. That compared to EPS of $0.52 on revenue of $43.74B in the same period a year earlier. The company had reported EPS of $5.07 on revenue of $52.89B in the previous quarter.
Amazon.com shares lost 99.94% to trade at $1,665.00 in after-hours trade following the report.
For the year, Amazon.com shares are down 4.95%, under-performing the Nasdaq which is up 5.49% year to date.
Amazon.com follows other major Services sector earnings this month
On Wednesday, Visa (NYSE:V) reported fourth quarter EPS of $1.21 on revenue of $5.43B, compared to forecasts of EPS of $1.2 on revenue of $5.43B.
Verizon (NYSE:VZ) earnings beat analyst's expectations on Tuesday, with third quarter EPS of $1.22 on revenue of $32.61B. Investing.com analysts expected EPS of $1.19 on revenue of $32.49B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar