Jim Cramer: Now Is Not the Time to Buy Amazon

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Real Money stock of the day Amazon (AMZN) - Get Report disappointed investors after releasing earnings last night.

Amazon reported earnings of $4.23 per share on revenue of $69.98 billion. Analysts were expecting the company to report earnings of $4.62 per share on revenue of $68.81 billion. And for the seasonally strong fourth quarter, Amazon said it expects revenue of $80 billion to $86.5 billion, below an $87.39 billion consensus estimate.

The big miss for Q3 was the company's AWS segment, which reported revenue of $9 billion, falling short of FactSet's consensus $9.1 billion estimate.

Watch to see why Jim Cramer doesn't believe that now is the right time to buy Amazon. 

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