{"id":53701,"date":"2021-10-29T01:37:56","date_gmt":"2021-10-28T21:37:56","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=53701"},"modified":"2021-10-29T01:38:00","modified_gmt":"2021-10-28T21:38:00","slug":"amazon-shares-retreat-badly-misses-revenues","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/amazon-shares-retreat-badly-misses-revenues\/10\/29\/market-updates\/","title":{"rendered":"Amazon shares retreat, badly misses revenues"},"content":{"rendered":"\n<p>Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for Q3 and delivered disappointing guidance for the critical holiday period.<br><br>Earnings amount to $6.12 versus $8.92 per share estimates. Revenue is $110.81 billion vs $111.6 billion estimates.<br><br>Amazon is facing decelerating sales growth as consumers go back to physical stores and the company faces supply chain challenges.<br><br>Revenue in the third quarter rose 15%, down from 37% growth in the same period a year ago. For the fourth quarter, Amazon forecast sales between $130 billion and $140 billion, representing growth between 4% and 12%. <br><br>Amazon CEO Andy Jassy said the company expects to take on \u201cseveral billion dollars\u201d of extra costs in its consumer business in the fourth quarter as a result of labor shortages, higher employee costs, global supply chain constraints and increased freight in addition to shipping costs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Amazon shares fell more than 4% in extended trading on Thursday after the company reported weaker-than-expected results for Q3 and delivered disappointing guidance for the critical holiday period.Earnings amount to $6.12 versus $8.92 per share estimates. Revenue is $110.81 billion vs $111.6 billion estimates.Amazon is facing decelerating sales growth as consumers go back to physical &hellip;<\/p>\n","protected":false},"author":13,"featured_media":45157,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6933,7918,7113,7919,7349,7492,7796,7563],"class_list":["post-53701","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-amazon","tag-amazon-shares","tag-earnings","tag-physical-shoping","tag-profits","tag-shipping","tag-shortages","tag-supply-chain-difficulties"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53701","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=53701"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53701\/revisions"}],"predecessor-version":[{"id":53706,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/53701\/revisions\/53706"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/45157"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=53701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=53701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=53701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}