Investing.com - Amazon.com (NASDAQ:AMZN) reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Amazon.com announced earnings per share of $0.28 on revenue of $127.10. Analysts polled by Investing.com anticipated EPS of $0.22 on revenue of $127.76B.
Amazon.com shares are down 33% from the beginning of the year and are trading at $91.85 , down-from-52-week-high.
Amazon.com shares lost 17.22% in after-hours trade the report.
Amazon.com follows other major Consumer Discretionary sector earnings this month
Amazon.com's report follows an earnings beat by Tesla on Wednesday, October 19, 2022, who reported EPS of $1.05 on revenue of $21.45B, compared to forecasts EPS of $1.03 on revenue of $22.5B.
McDonald’s had beat expectations on Thursday with third quarter EPS of $2.68 on revenue of $5.87B, compared to forecast for EPS of $2.59 on revenue of $5.72B.
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