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Amazon Q3 Earnings Miss Street Estimate By Wide Margin

Amazon reported third-quarter adjusted earnings of 52 cents per share, missing Wall Street's projection of 78 cents.

Amazon  (AMZN) - Get Report reported third-quarter adjusted earnings of $0.52 a share, missing Wall Street's projection of $0.78 a share. Revenue for the e-commerce giant came in at $32.71 billion compared with analysts' estimate of $32.69 billion. In terms of its fourth quarter guidance, net sales are expected to be between $42 billion and $45.5 billion, or to grow between 17% and 27% compared with fourth quarter 2015. Operating income is expected to be between $0 and $1.25 billion, compared with $1.1 billion in fourth quarter 2015.

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