reports Q3 profit

But online retailer lowered guidance for the year said Wednesday that profit climbed 48% in the third quarter to $118 million on revenue that was up 31% to $4.26 billion.

The company also lowered guidance to up to $19.46 billion in revenue this year, down from previous guidance of as much as $20.10 billion.

That news had Amazon shares down as much as 15% in after-hours trading after sinking fractionally during the regular session to $48.99.
comments powered by Disqus