Amazon reported third quarter sales of $10.88 billion after the close of the market on Tuesday, yielding net income of just $63 million (or 14 cents a share), and the reaction from investors was negative. The stock had already declined more than $10 a share (or 4.4 percent) in regular trading Tuesday ahead of the earnings announcement, and it fell sharply in after-hours trading and again this morning. At press time time this morning, shares were down about $27, or 12 percent, trading at just above $200 a share. While sales were towards the high end of the company’s own […]
