Amazon.com Inc. (NASDAQ: AMZN) reported third quarter 2021 earnings results today.
Net sales increased 15% year-over-year to $110.8 billion.
Net income decreased to $3.2 billion, or $6.12 per share, compared to $6.3 billion, or $12.37 per share, in the year-ago quarter.
For the fourth quarter of 2021, net sales are expected to grow 4-12% YoY to a range of $130-140 billion.
Both revenue and earnings missed expectations and the guidance also failed to impress the Street sending the stock down over 4% during after-market hours.
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