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Amazon Earnings Were Stellar. Why The Stock Is Falling. – Barron’s

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For the quarter, Amazon (ticker: AMZN) posted sales of $96.1 billion, up 37%, and well ahead of the companys guidance range of $87 billion to $93 billion. Operating income was $6.2 billion, likewise ahead of its guidance range of $2 billion to $5 billion. Earnings were $12.37 a share, well ahead of the Wall Street analyst consensus at $8.87 a share.For the fourth quarter, the company is projecting sales of $112 billion to $121 billion, up 28% to 29% from a year ago. The Wall Street consensus view…

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