Amazon (NASDAQ: AMZN) reported strong third-quarter results after the market close on Thursday, but shares of the e-commerce and cloud computing titan fell by 1.9% in after-hours trading. We can attribute the market's slightly negative initial reaction to management's fourth-quarter operating income guidance, which was lighter than many investors were probably expecting based on Wall Street's consensus estimate for the bottom line.
There was plenty of great news in the report, however. Both revenue and earnings easily beat analysts' projections, and fourth-quarter top-line guidance also came in higher than the Street had been expecting.
Here's an overview of the technology giant's quarter, along with its guidance.
For further details see:
Amazon's Earnings Breeze Past Expectations: 5 Metrics You Should See