CNBC reports:

Amazon shares plummeted as much as 10% in extended trading on Thursday after the company issued a revenue forecast that trailed analysts’ estimates.

Here’s how the company did:

– Loss: Loss per share of $7.56

– Revenue: $116.44 billion vs. $116.3 billion expected, according to Refinitiv

(…) Amazon recorded a $7.6 billion loss on its Rivian investment after shares in the electric vehicle company lost more than half their value in the quarter. That resulted in a total net loss of $3.8 billion…

To read the full coverage, please click here.

Here’s how AMZN fared on ...

Subscription required for Premium stories

In order to view the entire article please login with a valid subscription below or register an account and subscribe to Premium
Premium subscriber
New Premium subscriber REGISTER

Comment on this article

You must be logged in to post a comment.


    Amazon FedEx UPS