Amazon.com (AMZN) didn't quite give everyone what they wanted for its third quarter earnings report.
Shares were down roughly 7% in after-hours trading as the e-commerce and cloud giant reported EPS of $5.75 versus consensus estimates of $3.08, according to FactSet. But revenues of $56.58 fell short of expectations for $57.1 billion. In addition, Amazon guided for revenue of $66.5 billion to $72.5 billion, below a $73.79 billion consensus estimate. The after-hours decline wiped out the 7% increase in Amazon's stock during the day's trading on Thursday as tech stocks staged a big comeback.
TheStreet's tech columnist, Eric Jhonsa is live blogging the company's earnings report and call with analysts, which is scheduled for 5:30 p.m. ET. Please share your questions and comments in the space at the top of the blog window. And for great analysis from Jim Cramer and his team on all of the day's market news and advice on which stocks to buy, click here for a free trial of Jim's Action Alerts PLUS member club for investors.