Gold prices bounce off 3-week lows; demand likely longer term
Investing.com - Amazon.com 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 EPS of $0.22 on revenue of $127.76B.
Amazon.com 's are down 33% and is trading at $91.85 , still down 41.01% from its 52 week high of $188.11 set on Friday, November 19, 2021.
Amazon.com shares lost 17.22% to trade at $91.85 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, 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, for EPS of $2.59 on revenue of $5.72B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar