Amazon.com, Inc. (NASDAQ: AMZN) reported third quarter 2022 earnings results.
Net sales increased 15% year-over-year to $127.1 billion.
Net income was $2.9 billion, or $0.28 per share, compared to $3.2 billion, or $0.31 per share, last year.
For the fourth quarter of 2022, net sales are expected to range between $140-148 billion, or to grow 2-8% YoY.
While earnings beat estimates, revenues fell short. The guidance was also lower than expected, sending the stock crashing 20% in after-market hours on Thursday.